AT&T Inc. (T), Verizon Communications Inc. (VZ): Telecoms Hold Back the Dow Jones Industrial Average (^DJI)

This looks like a good move for the company. The student loan bubble has become a massive hurdle in the U.S., and JPMorgan Chase & Co (NYSE:JPM) cited government competition in the business as problematic for future growth. Additionally, student loan assets — just $11 billion at the company — don’t even comprise 1% of JPMorgan’s total assets. It’s a low-risk move that won’t jeopardize the firm’s performance in the future but will remove it from one of the major financial obstacles facing Americans. For JPMorgan, a company that has dealt with enough high-profile problems lately, it’s a good move to step away from a growing national problem before any real headaches emerge.

The article Telecoms Hold Back the Dow originally appeared on Fool.com is written by Dan Carroll.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Vodafone Group. The Motley Fool owns shares of JPMorgan Chase (NYSE:JPM).

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