JPMorgan (JPM) CEO Dimon Makes Surprising Plea to Employees Following Goldman (GS) Op-Ed...
Tweet Send to a FriendGet Alerts GS Hot Sheet
Price: $158.18 --0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.7%
Revenue Growth %: +24.6%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.7%
Revenue Growth %: +24.6%
Trade GS Now!
Following the op-ed sent to the New York Times yesterday from a disgruntled, and quitting, executive at Goldman Sachs (NYSE: GS) -- which received mixed reviews by news outlets everywhere -- at least one banking CEO isn't laughing at the fallout... in fact he's punching anyone that is laughing the fallout.
Feeling frisky following his Fed folly, J.P. Morgan's (NYSE: JPM) CEO Jamie Dimon is telling his bankers and advisors not to capitalize on Goldman's weakness.
Fox Business obtained an internal memo sent by Dimon today, which told employees that taking advantage of the alleged issues brought up in the piece "is not the way we do business." Instead, Dimon is imploring employees to keep highlighting JPMorgan's own strengths and advantages to current and potential clients.
It's an honorable thing to do, particularly from the standpoint of a CEO in a cutthroat industry like financial services.
Goldman shares are up 2.3 percent on the session while J.P. Morgan is up about 1.5 percent Thursday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Feeling frisky following his Fed folly, J.P. Morgan's (NYSE: JPM) CEO Jamie Dimon is telling his bankers and advisors not to capitalize on Goldman's weakness.
Fox Business obtained an internal memo sent by Dimon today, which told employees that taking advantage of the alleged issues brought up in the piece "is not the way we do business." Instead, Dimon is imploring employees to keep highlighting JPMorgan's own strengths and advantages to current and potential clients.
It's an honorable thing to do, particularly from the standpoint of a CEO in a cutthroat industry like financial services.
Goldman shares are up 2.3 percent on the session while J.P. Morgan is up about 1.5 percent Thursday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: JPMorgan Downgrades Chesapeake Energy (CHK) to Neutral
- Can AMD (AMD) Shake Off the Goldman Downgrade?
- Amid Tesla (TSLA) Squeeze, Option Prices Hit Record Highs
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
JPMorgan, Jamie Dimon
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
