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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,474 Blog Posts

Dimon Boasts: ‘I’ll Buy $JPM at $48 All Day’

Dr. Fly Tue Feb 23, 2016 9:11pm EST 6 Comments

JP Morgan chief, Jamie Dimon, said in a conference call today that he’d buy JP Morgan all day at $48, suggesting it was good for an annual 13% rate of return. He boasted about his companies performance and staying power, in an effort to firm up investor sentiment. Dimon recently reported a purchase of JPM, equal to one year’s salary or $26 million. He was bored.

JPM is down 14%, year to date.

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6 comments

  1. Quality Control Inferno
    Quality Control Inferno
    February 23, 2016 at 9:16 pm

    CB jawboning isn’t enough, apparently.

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  2. vandamme
    vandamme
    February 23, 2016 at 9:19 pm

    He’s right.

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  3. Marc David
    Marc David
    February 23, 2016 at 9:48 pm

    One share a day. I’m in!

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  4. it is showtime
    it is showtime
    February 23, 2016 at 10:31 pm

    And, he’ll buy it at $42

    39
    35
    25
    18.25
    hes correct just not precise

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  5. the maven
    the maven
    February 23, 2016 at 10:46 pm

    Well even Mike Mayo just gave his blessing to JPM, which is like the parting of the Red Sea.

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  6. vandamme
    vandamme
    February 23, 2016 at 10:59 pm

    When rates do rise again – and they will – banks will be the only play in town.

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    • 0 Deem this to be "Fake News"

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