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Article: JP Morgan shareholders are looking for a shake-up.
- Article from:
- Financial News
- Article date:
- March 4, 2002
CopyrightCOPYRIGHT 2002 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Every share price tells a story, as all investors from the legendary Warren Buffett to a Hong Kong amah will confirm. Look at the chart of JP Morgan Chase and what would be your reaction? Mine would be to have an ambulance standing by. JPMC shares currently trade at around $29, which is 45% below their 52-week high.
Last Friday, JPMC shares were battered by almost 6% on news that the bank was being investigated by the Federal Reserve Board over its relationship with Enron.
JP Morgan started the New Year with guns blazing and a fistful of awards for excellence during 2001. In the past five weeks, however, JP Morgan's world has gone pear-shaped.
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