Bad news for JP Morgan (NYSE:JPM), Wells Fargo (NYSE:WFC), Citi (NYSE:C) and Bank of America (NYSE:BAC)
This is a sort of update on a post from March.
Here are Bank of America's (NYSE:BAC) Q1 results.
I am slowly turning from wanting to unload my Wells Fargo (NYSE:WFC) position to just sitting back and keeping it.
There is a real eye opening statement in this interview.
William Issac, former chair of the FDIC testified before Congress on March 12th. His testimony is the most damning I have seen on the mark-to-market debate to date.
JP Morgan's (NYSE:JPM) CEO talks about banking, mark-to-market accounting, compensation and regulation. Dimon is rapidly becoming the most lucid and trusted banker in America and the reputation is deserved.
If easily depresed, do not watch
Does this mean you should follow the CEO's and buy shares of Bank of America (NYSE:BAC) or JP Morgan (NYSE:JPM) at these levels?
Michael Farr, President of Farr, Miller and Washington appeared on the Nightly Business Report on Wednesday and talked up his shopping list for 2009 which included 10 stocks, let's review.
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