|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Banking Guru Tom Brown (Second Curve) - JPMorgan's Jamie Dimon Is Not 'Wimpy' Like Other Bank CEOs
Posted by: Canadian Value (IP Logged)
Date: July 10, 2013 03:30PM
In the interview below Brown discusses JPMorgan (JPM)'s Jamie Dimon.
According to Brown, Dimon plans to take JPMorgan's capital ratio to the minimum amount required and not a penny more. Any excess capital will be used to buy back stock or pay a dividend.
Brown thinks that the tremendous focus on bank capital adequacy is misplaced. Instead, true bank problems are caused by liquidity issues and that is where regulators should be focusing.
For the upcoming quarter Brown expects pretty good earnings for the banking sector driven by cost management and improving credit.
Stocks Discussed: JPM,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.