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U.S. Day Ahead: JPM's Dimon aims to win back street cred

Thursday, July 12, 2012 - 02:51

July 12 - JPMorgan's chief Jamie Dimon is going to have his skills tested when he talks face to face with analysts at a highly unusual meeting at the company's headquarters.

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There's going to be so much press in midtown Manhattan on Friday you think Kanye West Kim Kardashian getting married but no this time. This spotlight is on Jay -- boss -- diamond. He's talking face to face with analysts and highly unusual meeting at the company's headquarters. It is to restore credibility to the financial titan. After its two dollar plus trading loss they'll also give an update on how much damage has been done to the bank's bottom line this after earnings certainly -- Reuters breaking news columnist Ann Curry says -- skills are going to be put to the test. Well he's got to wait 23 of the biggest issues that US banks face in recent months -- as a self inflicted losses through derivatives trades those commuting to and nine billion dollars to JPMorgan. Secondly they'll be the first of the three US banks involved in setting -- to let you address the scandal. And certainly that's the face the -- appeared -- who was involved in it and underwriting it. Didn't go very well Jake will be should be okay about how all out. That this calamitous IPOs to relegated to this -- -- the teams since. At the other end of the spectrum wells are also comes out results in the morning it's different -- from JPMorgan. Primarily it's that's reported sharp rise in profits thanks to glory yet little -- at home mortgages. The bank accounts for a third of the country's new home loans. That releasing key documents to congress aimed at defending its handling of a lot -- scandal Philip. Show it's a prompt action for years ago to highlight problems with the benchmark rate -- call for reforms. More than a dozen banks are under investigation by authorities in Europe Japan and US over the suspected rate Libor. This channels -- it claimed the jobs of three top Barkley zigzags. And for the three key things to watch for the New York says documents check out our writers to teach at our borders dot com slash writers TV. And other top policymakers at the -- is our Friday talking head Atlanta president Dennis Lockhart gives his take on health Mississippi's economy. It is hoping he will talk more about the need for stimulus. Lockhart recently sent the Fed may need to do or if recovery heads further -- At Friday's data -- paid attention to the first three of the university of -- house of writers consumers' sentiment index. That should rebound slightly according to buy a car. Americans apparently are still optimistic about employment and wages despite last week's tech jobs report. See to us that we happened -- initial jobless claims falling as well. Earmarked for insider can follow us on Twitter at Reuters Insider. I'm Rhonda -- this is writers.

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U.S. Day Ahead: JPM's Dimon aims to win back street cred

Thursday, July 12, 2012 - 02:51