JPMorgan’s CEO Dimon: Amid the onslaught, the bank will “try to stop stepping in dog shit, which we do every now and then.” - FORECLOSURE FRAUD

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JPMorgan’s CEO Dimon: Amid the onslaught, the bank will “try to stop stepping in dog shit, which we do every now and then.”

JPMorgan’s CEO Dimon: Amid the onslaught, the bank will “try to stop stepping in dog shit, which we do every now and then.”

Buzz Feed-

Is JPMorgan too big? The question has been asked frequently by critics since the 2008 financial crisis lead to America’s largest bank getting even bigger — and paying out more than $20 billion in fines and penalties. And while being too big to fail attracts concern from one group of naysayers, doubts about its size have gained new credence after the bank announced today its profit fell by 6.6% in its most recent quarter compared to a year ago.

Earlier this month, a high-profile analyst report said the bank could be worth more broken up into pieces than it is today. That, plus worries about new regulatory requirements, has investors worried; JPMorgan stock fell 3.45% today to $56.81 today and is down 9.25% so far this year.

JPMorgan is unquestionably a behemoth: $2.6 trillion in assets, $757 billion worth of loans, $1.4 trillion in deposits, 241,000 employees all over the world, exposed to $65 trillion worth of derivatives trades. It has long argued that its size gives it unique advantages for its customers and shareholders, as well as healthily gushing revenue streams — $94.2 billion in 2014, $96.6 billion in 2013.

[BUZZ FEED]

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