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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 10:30AM
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,