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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.

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