logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 

Equities – Your destination to connect with the growth investment community.

Will The Government Try to Split Up JPMorgan?

  +Follow August 21, 2013 11:27AM
Share:
Tickers Mentioned:

It’s no secret JPMorgan Chase & Co. (JPM) is under intense scrutiny right now from federal regulators. During the course of this summer alone, the bank has settled for $410 million for energy price fixing, had two former traders indicted by the Department of Justice for their part in a $6.2 billion trading loss, and been implicated in a far-reaching bribery scandal involving Chinese financial regulatory officials.  

For a financial house that did $26 billion in revenue in the second quarter of 2013 alone, the fines, settlements, and government sanctions are a cost of doing business. But the SEC seems to be moving in an especially aggressive manner against JPMorgan, leading some analysts to begin speculating that they may be targeting the bank for a potential breakup.

Popular analyst and Vice President of equity research at Rafferty Capital Markets Dick Bove suggests the “(United States government) wants the firm broken up and the management changed. Every action that it has taken in the past few years is oriented towards this goal.”

Liz Peek of the Fiscal Times suggests that the bank – lauded during the 2009 fiscal crisis for their restraint – has been specifically targeted by the Obama administration for its reckless behavior and arrogance, citing critical remarks CEO Jamie Dimon made back in 2012. Dimon specifically claimed American business was responsible for creating the 4 million new jobs in America and “government didn’t have anything to do with it.”

Regardless of motive, the government has certainly zeroed in on JPMorgan. The SEC took the unusual step of requesting that JPMorgan admit to wrongdoing in their role in hiding the $6.2 billion trading loss from investors. Usually, the bank would have been allowed to settle without admitting or denying culpability.

Such a statement from JPMorgan could open them up to fraud allegations from shareholders affected by the trading loss. The results could significantly impact JPMorgan’s chances of remaining one entity.

In January US labor unions tried to organize a shareholder vote to break up the company, which JPMorgan was able to block. With increasing governmental pressure, a breakup push could come again very soon. Except this time it will be, as Bove put it, “coordinated from above.”

JPMorgan is down 1 percent to hit $51.61 on the day. The stock is down 7.85 percent on the month.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for jpm
PolgarStocks
28 Apr 15 08:07:48
$GDXJ stock 52Wk High Click Here: http://t.co/V4avwvpsJH Also See: $JPM $HD $SSYS $GERN #stockmarket #tradeideas ~
MercadoMagico.com
28 Apr 15 08:05:05
RT @FlorentCapital: #JPMorgan #upgrades #Sony one more time $SNE $JPM $AAPL $MSFT $SSNLF $YCS $VIA $VIVHY http://t.co/aDdRSodW8S
Insider Monkey
28 Apr 15 08:04:07
$BABA, $HSP, $PM: Argentiere’s New Bets On Big Corporations http://t.co/gOCHbruzZQ $BABA, $HSP, $PM, $JPM, $SYY
Stock Wire
28 Apr 15 08:02:19
Nice-Systems Given New $60.00 Price Target at JPMorgan Chase & Co. (NICE) $JPM http://t.co/RCmeOrexfe
Stock Wire
28 Apr 15 08:02:19
JPMorgan Chase & Co. Lowers EQT Price Target to $94.00 (EQT) $JPM http://t.co/bDa5REILKH
NASDAQ
28 Apr 15 07:55:06
$JPM - Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) http://t.co/Wx3XT4p580
NASDAQ
28 Apr 15 07:52:15
$JPM - Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) http://t.co/mZz4Ic6i73
Insider Monkey
28 Apr 15 07:52:04
$DAL, $BABA, $YHOO: Tip Hill Hunts For Value and Catalysts http://t.co/S6zetMXCsw $DAL, $BABA, $YHOO, $JPM, $MU, $INTC, $LC
BreakingStocksNews
28 Apr 15 07:50:03
$JPM: New SEC Filing for JPM: Form 424B2 (No. 0001140361-15-016544): http://t.co/F6YIJqn8BF
Company SEC Filings
28 Apr 15 07:49:03
NEW SEC Filing for $JPM filed a moment ago: http://t.co/l2ZGZODnnV http://t.co/BnGy3jv7ak
BNK Invest
28 Apr 15 07:45:18
The New #22 Most Shorted Dow Component: JPMorgan $JPM $MSFT #stocks http://t.co/A4l65CrLn8
Ryan Campbell
28 Apr 15 07:23:41
Charts for $AIG and $JPM are similar, but $JPM has a fat dividend.
Ryan Campbell
28 Apr 15 07:22:56
$JPM retesting old resistance as new support. A bounce off 62 would be a good entry.
StockNewsWires
28 Apr 15 07:22:03
$.SPX $JPM $BAC $WFC $C $COF: Bank stocks stink, so time to buy banks?: http://t.co/jynqG7Ylvi
FinSentS SP500
28 Apr 15 07:21:44
$JPM:US Crestwood Equity Partners Stock Rating Lowered by JPMorgan Chase & Co. (CEQP) #JPMORGAN CHASE & CO http://t.co/93e0k2S1Z7 #SP500
Gary Thomas
28 Apr 15 07:10:38
However, I'm out of the trade if $JPM decides to suppress....again $SLV I own physical Au/Ag regardless.
ValueWalk
28 Apr 15 06:51:09
Mega-Cap Alpha: Morgan Stanley Says Look Right Here http://t.co/nzp2XbOlMT $AAPL $IBM $GILD $JPM $BAC http://t.co/dVssi2rfJw
Jacob Wolinsky
28 Apr 15 06:48:27
Mega-cap alpha - $AAPL $MS $IBM $C $JPM $MSFT $AMZN $FB $DIS $CVX by @EmilyStewartM http://t.co/3SjOjm3KUt
Stock Wire
28 Apr 15 06:43:13
Post-Earnings Report - JPMorgan Chase $JPM http://t.co/Cm2eSsAKDX
Stock Wire
28 Apr 15 06:43:12
Crestwood Equity Partners Stock Rating Lowered by JPMorgan Chase & Co ... $JPM http://t.co/KNat2Y3HhU
TalkMarkets
28 Apr 15 06:41:21
#Amazon Proves Its Worth $AMZN $JPM $RJF http://t.co/J8853fEeRv
dantes trading
28 Apr 15 06:39:58
$USAT + $JPM Chase agreement seems big this am
StockNewsWires
28 Apr 15 06:30:02
$JPM: Post-Earnings Report - JPMorgan Chase: http://t.co/Ne3EfpAS5J
Market Int Center
28 Apr 15 06:10:31
JPMorgan $JPM Trading Near $63.44 Resistance Level ( http://t.co/6HtMnVgYBH )
BreakingStocksNews
28 Apr 15 06:02:02
$MS $JPM: Yield Grab Fuels Biggest U.K. Sub-Prime Mortgage Bond Since '07: http://t.co/63AJA5i5CM
jim50
28 Apr 15 05:37:05
Stocks Trending Now: http://t.co/QFaviwdUhz $JPM $LUV $ATACX $FCX $DIA $FCX $YUM $FXC $SMN $BLTA $UEC $FWDG ~
IH News Desk
28 Apr 15 05:31:17
$TLT stock Tick Click Here: http://t.co/ARibe0mI23 Also See: $BAC $ADT $SLV $JPM #stockmarket #tradeideas ~
Soltan Capital, LLC
28 Apr 15 05:25:45
JP Morgan Downgrades Crestwood Midstream To Neutral $cmlp $JPM
Options Markets News
28 Apr 15 05:15:06
SPX hitting ceiling ? http://t.co/xX14Ng3ykT $JPM $BA $BAC
BreakingStocksNews
28 Apr 15 05:12:02
$GS $JPM $C $BAC: Venezuela Enriches Goldman Sachs, Hedge Funds as Bonds Surge ...: http://t.co/3E06hVxaho
Options Markets News
28 Apr 15 05:10:09
A funny #bitcoin scandal http://t.co/ZeNUAgay88 $JPM $BA $BAC
NASDAQ
28 Apr 15 05:02:17
$JPM - Chase Commerce Solutions and USA Technologies Form Strategic Relationship http://t.co/65AXTSOWMj
IH News Desk
28 Apr 15 04:42:05
$HYG stock Stock Forum Click Here: http://t.co/f9lC51XzPZ Also See: $NUGT $FXI $JPM $BIDU #stockmarket #tradeideas ~
clayton
28 Apr 15 04:39:59
$AVGO stock Prev Close Click Here: http://t.co/Xi3dZg9DVZ Also See: $PBR $DUST $EA $JPM #stockmarket #tradeideas ~
Florent Capital
28 Apr 15 04:37:06
#JPMorgan #upgrades #Sony one more time $SNE $JPM $AAPL $MSFT $SSNLF $YCS $VIA $VIVHY http://t.co/aDdRSodW8S
Options Markets News
28 Apr 15 04:33:50
What Google reveals about you http://t.co/gpEN4Dyehl $JPM $BA $BAC
danrocks
28 Apr 15 04:18:48
$CAT Yield Click Here: http://t.co/zqSdJwMZ23 Also See: $IYR $JPM $TEO $FB ~
Breaking News
28 Apr 15 03:47:02
$JPM: Negative Rates Halt Payments in European Asset-Backed Securities: http://t.co/sGwDynVDgt
Options Markets News
28 Apr 15 03:35:30
News of another flash crash http://t.co/lLpYuiiyjg $JPM $BA $BAC
leahanne
28 Apr 15 03:27:34
Stocks Trending Now: http://t.co/WxbqykAO9m $JNUG $FCX $EGRX $AGEN $IBB $BIB $JPM $UTHR $UDN $JNUG $XLP $STX ~
lookn4wins
28 Apr 15 03:17:40
$JPM stock Open Click Here: http://t.co/BmUrXgeRjl Also See: $IBM $AMGN $ACT $SMH #stockmarket #tradeideas ~
Stock_Tracker
28 Apr 15 03:14:58
Stocks Trending Now: http://t.co/3L8CEFZgfA $ATACX $AET $V $IBM $AMGN $UNG $TZA $JPM $CORN $RDSH $GPRO $UUP ~
12Stocks.com
28 Apr 15 03:01:31
Weekly Dow #Stocks Trend $MSFT $IBM $VZ $AAPL $DIS $DD $CSCO $NKE $CAT $CVX $XOM $JPM $V $TRV $JNJ $GE $INTC $GS @ http://t.co/TvzJfd0RGT
Stock Market Basics
28 Apr 15 02:56:24
RT @10Xtrading: Citigroup: Is Mr Market Mispricing The Stock? http://t.co/kKQbrWmXIM $C $BAC $DB $JPM
danrocks
28 Apr 15 02:46:48
$FEYE Investor Opinions Click Here: http://t.co/11S4qxc0tc Also See: $LOW $AMGN $VLTC $JPM ~
ActiveVols
28 Apr 15 02:37:56
Mornin' from Dublin! #IndexViews $SPY 210 in play? #StoryStocks $JPM $MS $IBM $VZ in decent shape & looking to add http://t.co/wUKBYVob7p
danrocks
28 Apr 15 02:34:45
$FWDG Filings Click Here: http://t.co/MlRMbHxiDj Also See: $IJR $JPM $MCD $TBT ~
Stocks Newswire
28 Apr 15 02:30:41
Four Stocks Closed in Red: http://t.co/9DrOV2BZm5 $VVUS $OC $ASTI $JPM
lookn4wins
28 Apr 15 02:18:04
Must join site $IMTV Click Here: http://t.co/EobJOgquSj Also See: $AET $JPM $ABC $FXC ~
Investors Hangout
28 Apr 15 02:01:46
$PFE stock Financials Click Here: http://t.co/OeuRSO4y96 Also See: $ADT $AKRX $JPM $IBIO #stockmarket #tradeideas ~
				
				
  +Follow August 21, 2013 11:27AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.