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CFO Douglas Braunstein is likely to leave his post at JPMorgan Chase (JPM) for a different one...
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Wednesday, October 10, 2012, 9:13 PM ETCFO Douglas Braunstein is likely to leave his post at JPMorgan Chase (JPM) for a different one at the bank, sources tell the WSJ. He lost some stature in a July shuffle and was scrutinized over the bank's CIO trading-loss mess when he (along with Jamie Dimon) dismissed news reports about the near-$6B loss.
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I am not suggesting JPM will have bad earnings. Just that the risk is higher and it is not clear why one would choose to buy today.