There is no doubt the unintended consequences of government interference and regulation will always emerge, in the case of banking regulation, it is already being pointed out as a positive by JPMorgan (NYSE:JPM), but not in the way lawmakers thought.
According to JPMorgan CEO Jamie Dimon, he believes believes his bank will be put in a stronger position after the regulations are put in place, suggesting it will limit opportunities for smaller competitors, especially those just starting off in the industry.
Dimon said in a note to shareholders, “The cost and complexity of all the recent regulations, ironically, could create greater barriers for new entrants and new competitors.”
JPMorgan closed at $47.40, down $0.40, or 0.50 percent.
Friday, April 8, 2011
JPMorgan (JPM) Will Benefit from Regulation
Labels:
Jamie Dimon,
JP Morgan
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