Why JPMorgan Chase & Co. (JPM) Is Up

All in a day’s work
Dimon gets to keep both of his banker hats, and shareholders get a little capital disbursement for their trouble. While that may not sit well with the 32% of investors that wanted the split, long-term shareholders should be happy with the outcome. The bank doesn’t have to go through a big shuffle on the board or more headlines about Dimon’s future — it can get back to business. And while today’s gains are great, they may not last as we move through the week or month. Keep an eye on the long-term prospects of the bank, and you’ll be golden.

The article Here’s Why JPMorgan Is Flying High Today originally appeared on Fool.com and is written by Jessica Alling.

Fool contributor Jessica Alling has no position in any stocks mentioned — you can contact her here. The Motley Fool owns shares of JPMorgan Chase.

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