JP Morgan Defensive tactics

It might seem strange to strike a defensive tone while presenting a strong set of quarterly results. But that’s the situation Jamie Dimon finds himself in. The JPMorgan boss is spending almost as much time reassuring investors as he is trumpeting record earnings in several of the bank’s units. It’s not a bad idea to soothe investors’ nerves after the market ructions of the last few weeks. After all, JPMorgan was one of the big creditors to the two subprime-heavy hedge funds run by Bear Stearns t...