What Hurt JPMorgan in 2013
In this video from Thursday's Boxing Day edition of Investor Beat, host Chris Hill and Motley Fool financials analyst Matt Koppenheffer take a look at JPMorgan Chase , and why the company struggled so much in 2013.
Despite being hailed as one of the greatest bankers of today only a few short years ago, the public's perception of JPMorgan CEO Jamie Dimon has taken a sharp turn for the worse because of the company's recent struggles and tribulations. Matt discusses why some of the criticism of Dimon himself may be unwarranted, but why the fines, accusations, and settlements directed at the whole of JPMorgan were likely for legitimate wrongdoing, with a dent in the company's reputation being a natural result.
The traditional bricks-and-mortar bank will soon go the way of the dodo bird -- into extinction, that is. This sounds crazy, but it's true. Every single one of the nation's biggest banks are dramatically reducing branch counts and overhauling the ones left behind. But despite these efforts, they're still far behind a single and comparatively tiny lender that's already leapt into the future. Since the beginning of 2012 alone, this company's shares are already up more than 250%. And they're bound to go higher. To download our free report revealing the identity of this stock, all you have to do is click here now.
The article What Hurt JPMorgan in 2013 originally appeared on Fool.com.
Chris Hill has no position in any stocks mentioned. Matt Koppenheffer owns shares of JPMorgan Chase. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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