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JPM Halts Share Repurchase Program

By: capt_nemo in ROUND | Recommend this post (0)
Mon, 21 May 12 6:01 PM | 39 view(s)
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Submitted by Tyler Durden on 05/21/2012 09:44 -0400

Bank of America
Bank of America
Fortress Balance Sheet
Jamie Dimon
Joke of the Day

Remember when Jamie Dimon showed the Fed who's boss and preannounced it was starting a share repurchase program? Turns out the Chairsatan will have the final laugh:

DIMON SAYS JPM IS SUSPENDING SHARE REPURCHASES
DIMON SAYS SUSPENDING REPURCHASE PROGRAM ISN'T RELATED TO LOSS
DIMON SAYS SUSPENDING REPURCHASE PROGRAM ISN'T RELATED TO LOSS
JPM'S DIMON SAYS THERE'S UNREALIZED $8B IN PROFIT FROM CIO
JPM'S DIMON: DOESN'T SEE INVESTIGATION TO UNVEIL BIG SUPRISES
DIMON SAYS LOSS IS AN ISOLATED EVENT

And the joke of the day:

DIMON SAYS FORTRESS BALANCE SHEET REMAINS

But at least Bank of America will be announcing a dividend any minute now. And so the hits just keep on coming.

http://www.zerohedge.com/news/jpm-halts-share-repurchase-program?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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