1-Minute Earnings Review: JPMorgan Chase
JPMorgan Chase (NYSE: JPM) has released earnings, but at the forefront of everyone's mind is the London Whale scandal. While this did cause CEO Jamie Dimon to lose $10 million, which is half his pay, that's a drop in the bucket for this international bank. Also, the additional losses of transferring the portfolio involved in the Whale's trades onto JPMorgan's books were minor. In this video, Motley Fool financial analyst Matt Koppenheffer moves on to discuss the actual earnings report and tells us all the ways that the numbers look good.
With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal, or whether finance stocks are a screaming buy today. The answer depends on the company, so to help figure out whether JPMorgan is a buy today, I invite you to read our premium research report on the company today. Click here now for instant access!
The article 1-Minute Earnings Review: JPMorgan Chase originally appeared on Fool.com.Fool contributor Matt Koppenheffer has no position in any stocks mentioned. 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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