JP Morgan


Old 04-14-10, 03:51 PM
Thread Starter
Join Date: Jun 2002
Location: Northern Minnesota
Posts: 1,505
JP Morgan

Reported 3.3 BILLION in profits for the first quarter. I don't know what it is but something is way out of wack in this country.
Sponsored Links
Old 04-14-10, 06:35 PM
NEsportsfan's Avatar
Banned. Rule And/Or Policy Violation
Join Date: Mar 2010
Location: Insanity
Posts: 361
Our politicians should be forced to take le3ssons fronm theste folks, so they woun't constantly be putting this country into deeper and deeper deficits.
Old 04-15-10, 08:16 AM
the_tow_guy's Avatar
Group Moderator
Join Date: Feb 2001
Location: SW Fla USA
Posts: 11,574
On the other hand, where did the profits go; that's more important than how much they made. I'll hazard a guess it went largely to stockholders, many of whom are not millionaires.
Old 04-16-10, 05:02 AM
Group Moderator
Join Date: Oct 2004
Location: WI/MN
Posts: 18,715
Why is a company turning a profit a sign something is wrong? That's what they're supposed to do.
Old 04-16-10, 05:28 AM
Forum Topic Moderator
Join Date: Mar 2005
Location: USA
Posts: 44,020
It's not the fact that a company makes a profit but the size of the profit. Everyone knows that big oil just like any other business needs to make a profit to succeed. IMO it's the size of the profit that needs scrutiny. Whenever you have high volume you should be able to lower the price, still make a good profit but help common folk a little in the process.

The government couldn't have all the social programs if it was run just like any for profit business but they still could implement a lot of business strategies to save us [the tax payers] some money.
Old 04-16-10, 12:46 PM
Group Moderator
Join Date: Oct 2004
Location: WI/MN
Posts: 18,715
The job of a business is to make a profit. We as consumers are charged with keeping the size of it in check - if this profit is too large, what should we do instead? Is there a competitor from whom we can buy? Can we do without the product or service? Large profit is the sign of a well run business and they are not required to give anyone a break.

It always makes me curious to know - what would a 'reasonable' profit be?
Old 04-16-10, 03:53 PM
chandler's Avatar
Banned. Rule And/Or Policy Violation
Join Date: Dec 2005
Location: USA
Posts: 39,968
I checked my investments and my JPMorgan got me $20 of that $3.3B. Doin' pretty good, huh?? Let's see, at that rate I could retire by the time I am 235 years old.
Old 04-16-10, 04:55 PM
Banned. Rule And/Or Policy Violation
Join Date: May 2007
Location: Wisconsin
Posts: 8,629
At first thought, I think most people would think billions is way too much. But upon further thought, exactly what becomes of that profit money? If it were squirreled under a mattress or sent overseas, then I'd agree with Mark. But the money likely gets in many peoples hands, and gets invested and spent, and keeps the cogwheels spinning. So I take the side of Mitch on this one.

Chandler can help keep fast food chains afloat with his cut of the profits.

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Thread Tools
Search this Thread
Display Modes