All six businesses are getting stronger, margins are improving and the company has good organic growth, said James Dimon, chairman, president and CEO of JP Morgan & Chase Co (NYSE: JPM), in yesterday's Q4 earnings conference call. In addition, JP Morgan reported record quarterly earnings.Dimon also declared victory over integrating its merger with Bank One. All the major financial and data platforms are now in place, he told investors. Dimon said due to the better operating performance, the company will have more capital that can be retained and invested which should help improve returns over time.
JP Morgan will be hosting an analyst day on March 6th to review the company's recent successes and where it will be going from here.
This stock has had a great six months, being up over 40%. However, JP Morgan is a big company and becoming more and more profitable each quarter and year. For those who want decent capital appreciation and some nice dividends, I would say that JP Morgan is the place to be.
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Reader Comments (Page 1 of 1)
1-18-2007 @ 4:15PM
Frank Feil said...
Ironic that J.P. just had such a great quater and still the stock goes down. Where does all that profit go? LOL