Yesterday, business reporter Charlie Gasparino wrote in The Daily Beast that JP Morgan (NYSE: JPM) and its CEO Jamie Dimon, would be the next big financial institution for fall apart. He wrote, "But Dimon is feeling that heat, nonetheless, from analysts, who believe his firm will post a loss this quarter, the first since he became CEO."

Well, maybe so, but throwing stones at the people who have done well in an industry that has not is easy, perhaps too easy. If JP Morgan does lose money, it will join a long line of other firms that have done so. If its loss is modest, it will still be better off than most if not all of its peers.

Banks may be the most heavily followed companies on Wall Street. Analysts and the press crawl over the PR and financial reports, looking for bad news. That means the market should be relatively efficient at putting values on them, especially after two years of humiliation in which they got those values wrong.

If the Street is right, JPM still has a brighter future than rivals Citigroup (NYSE: C) and Bank of America (NYSE: BAC). Over the last six months, JPM shares declined about 10%. BAC is down almost 40% and Citi is off almost 60%.

It may be a little early to write that JPM obit.

Douglas A. McIntyre is an editor at 247wallst.com.