JPM reports this morning and looks like their net profit is down 10%. The stock is down pre market but come on the street already knew this two weeks ago when Dimon said the quarter would be rough.
JPM don't seem as strong in my opinion here. Think about it they changed the accounting rules and that didn't benefit them.
Telling you this here and now I believe BAC will be the top bank in the future. We will see soon enough.
MARKETJEDI
Thursday, April 16, 2009
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