Is Jamie Dimon Leaving JPMorgan (JPM) for the White House?

December 10, 2012 4:17 PM EST Send to a Friend
The Wall Street rumor mills continues to churn. The latest talk centers around JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon leaving the company to join the Obama administration as Treasury Secretary.

This rumor is nothing new. In fact, Warren Buffett endorsed Mr. Dimon for the job in a November 26th interview on Charlie Rose. Buffett said Dimon would be "terrific" and the "best person you could have in the job."

In a August 2011 CNBC interview, Dimon said he had no interest in the job. "If you know me at all, I am not suited for politics."

Despite signs pointing to Dimon not leaving JPMorgan anytime soon, shares gave back a little into the close of trading Monday as the rumored swirled. Shares of JPMorgan Chase finished down 0.59 percent to $42.31.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Insiders' Blog, Rumors

Related Entities

Warren Buffett, JPMorgan, Jamie Dimon, Barack Obama

Add Your Comment