JP Morgan $2bn loss … and $15bn stock buyback …

So JP Morgan announces a $2bn loss due to some derivatives schmozzle, and the shares plunge in after hours.
Just a heads up, there is a buyer of $15bn of JP Morgan shares waiting around, which is something a short might want to be aware of … just sayin’ is all.

Of particular interest was Mr. Dimon’s discussion of a price point above which buybacks make less sense. Currently, when the stock is above $45, Mr. Dimon wrote, it is “still attractive but far less so.”

Twitter: @FinMktTrader

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