Back in May, when many financial pundits predicted ruin for JP Morgan after the bank announced a $2 billion trade deal loss, I said the outcry was a popular, but unfounded argument. JP Morgan has since announced that its loss was substantially larger — $5.8 billion – and now both the press and Wall Street are bullish about the bank’s fate.
Why the change from jeers to cheers? …. click here to read the entire post