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CFO Douglas Braunstein is likely to leave his post at JPMorgan Chase (JPM) for a different one...

CFO 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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  • jstratt
    , contributor
    Comments (3014) | Send Message
     
    Interesting that JPM is higher today. I would not recommend buying a stock where the CFO is being replaced the day before earnings are released.

     

    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.
    11 Oct 2012, 10:53 AM Reply Like
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