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Tuesday, August 12, 2008

Analyst Bove: "Close to Perfect Storm" for JPM

by Calculated Risk on 8/12/2008 03:37:00 PM

Update: Here is the story from Bloomberg: JPMorgan Shares Plunge on $1.5 Billion Mortgage Loss Since July (hat tip Ministry of Truth and TJ)

Bove Comments Click on image for larger image in new window.

Ladenburg analyst Richard Bove is being quoted (headlines only) that JP Morgan's "original concept" has "broken down". And that the issues will not be resolved until "well into 2009."