Reuters - Video

EDITION: U.S. | U.K. | IN

Breakingviews

Breakingviews: Dimon subdued

Friday, Apr 11, 2014 - 03:12

April 11 - Richard Beales and Jeff Goldfarb take a look at JPMorgan's first-quarter earnings and wonder when CEO Jamie Dimon will start having fun again.

▲ Hide Transcript

View Transcript

-- people -- reported first quarter earnings this morning. Put a bunch of stuff behind it didn't have any one else like well straight losses legal costs but once the first time in quite a few years and yet. Still a disappointing. Number jet doesn't seem like -- -- having fun again and helping us. Asked specifically that this morning and he gave a sort of half hearted response and you can sort of understand why to a certain extent the results are not that -- out. Missed expectations which may be you know I've -- missed a couple of times that they used to be kind of like a machine on that. Hitting regulate the results have been so cluttered over the years and so there's really the first time. It's really it's the crisis pretty really America's spent like you know valuations of debt and all sorts of things and model about this the first time I've really seen that sort of a a clean Shia would have been nice clean sheet they really got hammered on mortgages. And fixed income trading. Is it trading as the pretty volatile will fight them but it's pretty volatile. Cost Wall Street problem but yeah we won't know comparatively they're the first ones out of -- it. We won't know how they stack up Merrill's mortgages we do have some insight though right Wells Fargo really kind of nailed it again and do right quite well on -- -- It was that component is a little bit worrisome from from JPMorgan prospective. You're you're you do wonder sort of -- how does how does -- -- from a lot of perspectives not just from the incomes. Statements but they must be with you kind of take the clean -- really. Makes them a couple little sent this to you put -- a shareholder letter yesterday right which was also a little but I opening I mean over the years he has been incredibly calm about it. Our editor in chief rob Cox me you know sort of likened the whole thing to -- the five stages of grief. And you know sort of denial and anger and bargaining and depression and me he's finally got a -- acceptance because. There's isn't really a lot of reeling -- regulators in this letter this sort of witnessed the -- like. Heard we've got it with you know we're dealing with -- let's move on now come again another part of maybe the clean sheet. By not. We're but it doesn't really come to Austin this moaning about it went in and -- this. Current furor it -- -- frequency trading. Completely exit -- -- no comment from Jamie Dimon is. Hi -- and he's now if there is picking up. There is this point where he has mentioned -- not -- JPMorgan's mentioned in this book flashpoints but I'd sort of that the hero of the book. Actually calls to -- one of the good guys kinda wonder why Jamie was -- ready to it kind of take a little credit for that that speaks a little bit suits. Where his mind as I'm not sure maybe is worried about looking arrogant I don't know but it sort of there is a question mark about you know him not commenting about a big issue with our frequency trading is it a little worrisome way for -- So well the confidences I guess sort of about some of these matches because well let's leave that. That's it but it has bulletin right about next Gordon and we'll have a breaking news to you next week.

Breakingviews: Dimon subdued

Friday, Apr 11, 2014 - 03:12

Top News »

Money »

Finding meaning in the S&P 500 2000 mark Finding meaning in the S&P 500 2000 mark

Mon, Aug 25, 2014 - (2:35)

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)