Now that discussion of the London Whale has resurfaced due to the recent Senate hearings for JPMorgan Chase (NYSE: JPM ) and the spotlight is shining again on the losses caused by the huge volume of high-risk investments, does this put the blame back on CEO Jamie Dimon? Should he have had better control of what was happening within his company at the time? In this video, Motley Fool financials analysts Matt Koppenheffer and David Hanson discuss just how accountable Dimon can be held for not putting a stop to a small contingent of bankers within the organization who were making risky decisions.
With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal or whether finance stocks are a screaming buy today. The answer depends on the company, so to help figure out whether JPMorgan is a buy today, please read our premium research report on the company today. Click here now for instant access!