Drew never craved public recognition, which is one reason, up until the trading error, almost no one outside of Wall Street had heard of her. Her longstanding anonymity is astonishing only in retrospect: All told, she invested nearly $350 billion for JPMorgan Chase. Drew had her hand on a major economic lever and was one of the key figures whose judgment Dimon relied on in keeping the bank steady through the financial crisis. Drew was part of the team that helped establish him as a model of restraint at a time when other bankers offered only tongue-tied defenses of their reckless behavior. Now she was responsible for the traders who had made Dimon look as fallible as everyone else, and at the very moment when he was trying, once again, to assure government regulators that banks could manage themselves, that bankers could risk-proof their balance sheets.
The financial crisis hit in 2008, and by many accounts JPMorgan fared the best among the Wall Street giants. Dimon led acquisitions of Bear Stearns, as the brokerage firm collapsed, and Washington Mutual, a big thrift. That said, JPMorgan, like its peers, had to take a multibillion bailout from the U.S. Treasury Department, along with tens of billions of dollars more in emergency loans from the Federal Reserve.
financial crisis of 2008, JPMorgan Chase was far ..
(L-R) Goldman Sachs CEO Lloyd Blankfein, JPMorgan Chase CEO Jamie Dimon, Bank of New York Mellon CEO Robert Kelly, Bank of America CEO Ken Lewis and State Street CEO Ronald Logue.
2008 Financial Crisis: Causes, Costs, Could It Reoccur
JPMorgan Chase's growth over the past 10 years can be traced to organic growth, as well as its acquisitions of Bear Stearns and Washington Mutual in 2008. Bank of America, meanwhile, bought Merrill Lynch the same year.
Financial crisis of 2007–2008 - Wikipedia
Jim Cramer and the AAP team hold positions in JPMorgan Chase and Citigroup for their . Want to be alerted before Cramer buys or sells JPM or C? .
JPMorgan Salaries - Business Insider
The other two banks in the chart are JPMorgan Chase and Bank of America , the and second biggest banks in the country, respectively. JPMorgan Chase weighs in at $2.6 trillion in assets. Bank of America comes in at $2.3 trillion.
Financial crisis scariest moments - Business Insider
One thing to note is that all of these splits were done by Chase Manhattan, which is the predecessor bank with which JPMorgan merged in late 2000.
JPMorgan Chase Will Pay $13 Billion In Record …
When you look at the events that prompted splits in the past, it's hard to find a definitive pattern. In the 1980s, the bank's stock price was relatively low when the split was initially declared, with the company seemingly targeting a price of about $50 per share to make the move. By the late 1990s and early 2000s, the bank had gotten more in line with the prevailing thinking of the time, waiting until the stock price was at or near triple-digit levels before implementing a split. The only 2-for-1 split in JPMorgan Chase's history came when the stock traded at nearly $135 per share.
Will JPMorgan Chase Raise Its Dividend in 2018?
A 17-year drought would make some people wonder why JPMorgan hasn't considered stock splits since 2000, but a quick look at the behavior of the share price makes it fairly clear why: The stock's moves haven't justified a split. Throughout the 2000s, JPMorgan shares traded between $20 and $50, and after the financial crisis, it took several years for the bank stock to regain the $50 per share level.