Well, JPM offered me a 12 month 0% cash advance so I snapped up $9K that will save me about $350 elsewhere. I’ll shed no tears for JPM, thank you. My understanding is that they were given quite a bit of government largesse in the form of zero interest loans circa 2008 and for a decade have been able to borrow at near nothing, arguably at the expense of depositors who’ve eaned that same near nothing for that same decade.
In 2016, JPM stock was $53 and Jamie Dimon announced he was buying his stock. (easiest stock trade in recorded history) JPM stock is today $106, exactly double that, despite being down from $112-114.
Again, I shed no tears for JPMorgan.
JPM made $8b this last quarter. This article is the only negative thing in the entire P&L.