JPMorgan (JPM) Will Benefit from Regulation

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.

JPMorgan's (JPM) CEO Lands $20.8 Million in 2010

JPMorgan (NYSE:JPM) Chief Executive Officer Jamie Dimon enjoyed a big boost in compensation in 2010, where it jumped to $20.8 million for the year. In 2009 Dimon's compensation was a relatively small $1.3 million.

The salary Dimon received remained at $1 million, but enjoyed a $5 million performance bonus, $6.2 million in options, and about $8 million in stock, according to a regulatory filing with the U.S. Securities and Exchange Commission by the company.

Dimon's 2010 overall compensation is under his total for 2008 of $35.8 million.

JPMorgan generated a profit of $17.4 billion in 2010.

JPMorgan closed Thursday at $47.40, falling $0.24, or 0.50 percent.

JPMorgan (JPM) CEO Offers Warning on Regulatory Decisions

JPMorgan (NYSE:JPM) CEO Jamie Dimon when on the offensive against regulators over the effects they may have on the banking industry, as it could put “the nail in our coffin for big American banks,” he asserted.

Dimon's major concern is if the capital standards are raised so high that it will have a negative impact on the financial giants, specifically if banks in other parts of the world have a different set of standards; something more than likely to happen.

At a conference held by the US Chamber of Commerce, he said, “If you want to set it so high that no big bank ever goes bankrupt... I think that would greatly diminish growth,”

That's true, and it's also the case in the overreaction by politicians to every accident or bump in the road in energy and other sectors which may have the worst-case-scenario possibilities raised so high it may make it prohibitive to successfully do business in the area.

“We had a system of too many regulators, too much overlap and too many gaps. Instead of simplifying and strengthening, we added more. It’s even more complicated now,” Dimon concluded.

JPMorgan was trading at $46.29, falling $0.16, or 0.34 percent, as of 12:56 PM EDT.

JPMorgan's (JPM) CEO Dimon Gets Mucho Big Stock Bonus

JPMorgan Chase & Co. (NYSE:JPM) Chairman and CEO Jamie Dimon was awarded with stock and options valued at $17 million, according to a required regulatory filing of the giant bank.

Other large banks have recently rewarded their top executives with big bonuses as well, including Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS).

Dimon received 251,415 restricted stock units, half of which will be vested in January 2013, and other half in 2014. Those shares are valued at $12.1 million based on the share price of the stock at Wednesday's close.

Another 367,377 stock appreciation rights were granted to Dimon, which include a 10-year term and can begin to be exercised in January 2012. Those are valued at close to $5 million.

JPMorgan closed Thursday at $47.82, dropping $0.12, or 0.25 percent.

JPMorgan (NYSE:JPM) CEO Jamie Dimon Says He's Not Going Anywhere

Speculation continues to swirl around JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon on the possibility of his entering into the political arena.

Dimon put that rumors to rest at the annual investor day of the bank, saying, "I'm not going into politics and I'm not opening a restaurant. I love what I do. I want to be here. I want to stay."

Concerning fears over the possible phasing out of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC), Dimon said the bank was ready to deal with whatever happens, even though they are among the largest providers of home loans in the United States.

Addressing growth in 2011, the company said most of that will come from Asia and Latin America. In America they are looking at their largest expansion to be in California and Florida.

The goal of the company over the next three years is to add a minimum of 1,000 branches, according to retail financial services Chief Executive Charlie Scharf, and over five years up to 2,000.

Wells Fargo (NYSE:WFC) has the most branches with approximately 6,500; Bank of America (NYSE:BAC) has about 6,000 branches; and JPMorgan is next with 5,172 branches in the U.S.

Talking on what it would cost the bank if processing fees on debit cards remain intact, Scharf said it would lose about $1.3 billion.

JPMorgan closed Tuesday at $46.82, gaining $0.28, or 0.60 percent.

JPMorgan (NYSE:JPM) Home Loan Losses Decimating Earnings, Changes Leadership

JPMorgan (NYSE:JPM) announced they have named Frank Bisignano as head of their mortgage lending unit as losses from home loans continue to decimate earnings for the company.

In an e-mail to employees, Chief Executive Officer Jamie Dimon and Charlie Scharf said the former head of the unit, David Lowman, would report to Bisignano, effective immediately.

Bisignano, who is also Chief Administrative Officer, will continue on in most of his responsibilities in that regard, including security, real estate, technololgy and procurement.

JPMorgan was trading at $46.30, gaining $0.77, or 1.69 percent, as of 12:17 PM EST.