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CIO Division
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May

J.P. Morgan Suspends Share Buyback-WSJ

May 21, 2012
It appears that the loss in the CIO division of JP Morgan (JPM) is now effecting their willingness to buy back stock, even though stock buybacks at current prices below tangible book value would significantly boost intrinsic value.  I don’t think JP Morgan is making the right decision to do that as it reduces confidence...
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    7242 East Cortez Rd
    Scottsdale, AZ 85260
    Phone: 805-886-8140
    Fax : 949-335-9784

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