The war of words regarding the potential break up of JPMorgan is intensifying. Noted Rafferty Capital Markets banking analyst Dick Bove is demanding an explanation from Goldman Sachs for what he says is “throwing the first stone” while JPMorgan is said to have had internal discussions that concluded Goldman needs to get bigger in brokerage to survive. Readers may recall ValueWalk first reported on a Goldman Sachs research piece that accurately noted government regulations mandating additional capital requirements for big banks increased their costs to the point it might make sense to break up the banking behemoth. Not so fast, says…
Bove Demands Goldman Sachs Explain Itself In JPMorgan "Attack"
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.