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Tom Armistead
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I'm a well-informed retail investor and post on SA in order to expose my thought process to critical examination and comment from readers. It makes me a better investor. I'm particularly proud of bullish macro articles posted in 2009 and later, in which I presented ideas that encouraged me to... More
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Tom Armistead's Instablog
  • JP Morgan: Politically Correct Quarter 0 comments
    Jan 15, 2010 8:51 AM | about stocks: JPM
    JP Morgan (NYSE:JPM), after reporting a 4th quarter that beat estimates by .10, went on to sound a cautious tone, which was enough to lead a lot of pundits to downplay the earnings in favor of caution. 

    Reading the rest of the press release, it is very obvious that JPM was going to great lengths to assure readers, such as Obama and company, that they were doing all the right things: trying to prevent mortgage defaults, modifying mortgages, lending to small business, lending to consumers, etc. 

    They didn't say anything about Jamie Dimon helping little old ladies across the street.  Of course he does that too. 

    And the cautious tone: just added for gravitas. 

    Disclosure: No position in JPM
    Themes: Financials, Investment Banks Stocks: JPM
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