Thursday, July 16, 2009

It's True!

If you are gifted Washington Mutual and Bear Stearns, you can make billions.

JPMorgan Chase reported net income of $2.7 billion in the second quarter, a 36 percent increase over last year.

The earnings exceeded analysts' expectations.

1 comment:

  1. Wenzel,

    So Dimon admits that CRE will be tough over the next quarters. Two questions come to mind:

    1.) How will we be experiencing a recovery if CRE is crashing?
    2.) How much do you want to bet that JPM goes on to beat estimates anyway (w/ appropriate govt help, of course)?