Friday, January 13, 2012

JPM Morgan Misses; European Woes; The Singularity

Friday the 13th
JP Morgan missed revenue estimates and barely met profit expectations. Revenue dropped 17% in the quarter and profit declined 23% from the year ago 4th quarter.
This is supposed to be the “best in breed” bank and its woeful performance is telling a story – other banks are going to be posting some less than stellar results. In fact, these numbers are likely to look good compared to other 4th quarter profit reports that have yet to be revealed.. please remain more here:

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