Dick Bove of Rochdale Securities discuss JPMorgan (JPM, Financial) earnings and if he got what he was expecting. Dick also discusses Citigroup (C, Financial) and Vikram Pandit.
He said JPMorgan (JPM) has put its "London Whale" trading losses behind it, but the question now is how much money the bank can make from its regular operations. The losses could get bigger, Bove said, “But there’s a good chance that you may actually see a profit coming out of the residuals from this trade.”
Here is the video:
He said JPMorgan (JPM) has put its "London Whale" trading losses behind it, but the question now is how much money the bank can make from its regular operations. The losses could get bigger, Bove said, “But there’s a good chance that you may actually see a profit coming out of the residuals from this trade.”
Here is the video:
