{"id":403346,"date":"2010-03-08T09:19:48","date_gmt":"2010-03-08T14:19:48","guid":{"rendered":"http:\/\/www.businessinsider.com\/why-does-jpmorgan-trade-at-book-value-a-2010-3"},"modified":"2010-03-08T09:19:48","modified_gmt":"2010-03-08T14:19:48","slug":"why-does-jpmorgan-trade-at-book-value","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/403346","title":{"rendered":"Why Does JPMorgan Trade At Book Value?"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/af7a6c790510c149d4745d00\/jamiedimon-lookingout-tbi.jpg\" border=\"0\" alt=\"jamiedimon lookingout tbi\" \/><\/p>\n<p>From <a href=\"http:\/\/www.breakingviews.com\/OuterHomepage2.aspx?sg=breakingstories&amp;ea=c\">Reuters Breakingviews<\/a> at the <a href=\"http:\/\/www.nytimes.com\/2010\/03\/08\/business\/08views.html?adxnnl=1&amp;src=twt&amp;twt=nytimesbusiness&amp;adxnnlx=1268056956-8kR88BUoHsjUgDLm2A7Erw\">NYT<\/a>:<\/p>\n<p><a href=\"http:\/\/topics.nytimes.com\/top\/reference\/timestopics\/people\/d\/james_dimon\/index.html?inline=nyt-per\" title=\"More articles about James Dimon.\">Jamie Dimon<\/a> needs an even  better postcrisis. The chief executive of JPMorgan Chase runs one of the  only major banks in the United States that did not  post a quarterly  loss during the crash. And he has maneuvered his firm into a strong  position to grow as the economy rebounds. But investors don&rsquo;t yet seem  convinced that it will.<\/p>\n<p>The shares have been stuck trading around book value, or assets less  liabilities, since last summer. Put in perspective, that&rsquo;s not all bad.  They had tumbled to less than half that in the depths of the crisis. But  to price the bank now at only a fraction more than breakup value seems  overly cautious. Another crisis outperformer, <a href=\"http:\/\/topics.nytimes.com\/top\/news\/business\/companies\/wells_fargo_and_company\/index.html?inline=nyt-org\" title=\"More information about Wells Fargo &amp; Co\">Wells Fargo<\/a>, by  comparison, trades at 1.4 times book.<\/p>\n<p><strong><a href=\"http:\/\/www.nytimes.com\/2010\/03\/08\/business\/08views.html?adxnnl=1&amp;src=twt&amp;twt=nytimesbusiness&amp;adxnnlx=1268056956-8kR88BUoHsjUgDLm2A7Erw\">Read the rest at the <em>New York Times &#8211;&gt;<\/em><\/a><\/strong><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/why-does-jpmorgan-trade-at-book-value-a-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/actually-jamie-dimon-is-getting-a-17-million-not-8-million-bonus-2010-2\">Actually, Jamie Dimon Is Getting A $17 Million Bonus, Not An $8 Million Bonus<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/jamie-dimon-has-had-it-with-the-bonus-bashing-2010-1\">Jamie Dimon Has Had It With The Bonus Bashing<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/everyone-is-scared-of-jamie-dimon-because-he-isnt-warm-and-cuddly-2010-3\">Everyone Is Scared Of Jamie Dimon Because He Isn&#8217;t Warm And Cuddly<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/WzGk8RSVG3c\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Reuters Breakingviews at the NYT: Jamie Dimon needs an even better postcrisis. The chief executive of JPMorgan Chase runs one of the only major banks in the United States that did not post a quarterly loss during the crash. And he has maneuvered his firm into a strong position to grow as the economy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-403346","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/403346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=403346"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/403346\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=403346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=403346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=403346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}