JPMorgan’s chief imperial commander, Jamie Dimon, has a reputation around the office as a man possessed with performance. Senior bankers are said to avoid the executive lunchroom because they might be confronted about a performance shortcoming or otherwise subject themselves to a dressing down in front of the troops. And yesterday, institutional investors now also know this sinking, deflating feeling. Dimon called JPMorgan’s shareholders “lazy” yesterday, characterizing them as “bad investors” as a move is underfoot questioning the direction of a bank that some think is undervalued and has had some run-ins with the law as of late. JPMorgan shareholders think…
What's Lazy At JPMorgan Is The Stock Price, Not Institutional Shareholders
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.