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Friday, November 27 2009  |  11:39 EDT  | 
DJIA (DIA) S&P 500 (SPY)

Market Currents

Monday, February 23, 2009
4:53 PM TweetThis
  • JPMorgan (JPM) slashes dividend to $0.05 from $0.38. "Our action today is being done as a strong precautionary measure to help ensure that our fortress balance sheet remains intact - even if conditions worsen significantly." Says Q1 so far is in-line. Shares -1.8% AH. (PR)

This news story has 5 comments:

  •  
    HERE GOES J. DIAMOND AGAIN. SPINNING WHY HE IS DOING SOMETHING. REMEMBER, HE SOLD OUT FROM MADOFF, BUT FORGOT TO TELL HIS CUSTOMERS UNTIL AFTER THE FACT
    Feb 23 05:51 PM | Link | Reply
  •  
    I expect GE will be another biggie to cut their dividend very soon.
    Feb 23 05:57 PM | Link | Reply
  •  
    The save from the dividend could pay for a nice sized acquisition, given the imploding market caps......
    Feb 23 08:44 PM | Link | Reply
  •  
    cabanker -- talk to Ken Lewis about how that has worked out!
    Feb 24 02:25 AM | Link | Reply
  •  
    Like I said earlier in the week, I expected GE to cut their dividend.....

    DONE!
    Feb 27 04:07 PM | Link | Reply
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