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Tom Armistead
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I am a retired accountant, having spent the early years of my career in the insurance industry and the later part in the field of accounting. My insurance experience has given me the willingness to accept investment risk if I feel the return justifies it; also, an interest in applying risk... More
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  • 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

    Stocks: JPM
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