cabanker

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)

The save from the dividend could pay for a nice sized acquisition, given the imploding market caps......