Jamie Dimon letter to shareholders

[roy]

Not so good this year. The part on banking regulation is interesting. Also, there is good analysis of stock buy back and book value increase.

Fixed the URL

online.wsj.com/public/resources/documents/dimon.pdf

[T Bhat]

What is most interesting here is the discussion of valuation. Dimon says tangible book is a good indication of value where as it is not as great a deal at current prices which is very close to book.

Good guidance to C and BAC based on these valuation metrics.