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With all the speculation over financial reform swirling, JP Morgan may be wise to wait and see the new rules before raising the yield.
FORBES: Don't Look For A Big Dividend Hike From Dimon
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On Wednesday, a Bloomberg survey said that the six largest U.S. banks, including JP Morgan and Wells Fargo, may post an 11% drop in first-quarter profit, threatening a rally that pushed bank stocks 19% higher this year.
FORBES: April Picks In The BRICs By Four Money Managers
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Roped in together through the various trade channels, the worlds industrial base is now, even in the best of cases, barely ekeing out growth, as can be seen in the fact that the JP Morgan global index registered a mere 50.6 in May, only marginally above the 50 no change level.
FORBES: Global Economic Slowdown: Is It Manufacturing or Money?