EON

Although J.P. Morgan Chase was able to report a profit over the last fiscal quarter, there are still signs that many within their corporation and the larger banking sector as a whole that they are still not very willing to give out loans. The stock for the company had also been performing well, but like many other stocks took quite a dip in recent days. This means that a full on economic recovery may be quite a way’s away.

There are plenty of people who are now saying that the stock market was moving faster than it should have been. This fact gave some investors the false impression that things were looking up in the economy when there truly is still some trouble on the horizon. J.P. Morgan Chase themselves are worried about their future even though they did turn an eleven point seven billion dollar profit over the last quarter. They are worried about new regulations that are likely to be placed on financial institutions as recommended by the Secretary of the Treasury and they continue to worry about the likely tax increases that are going to be proposed by the Obama Administration over the next few years. This has many executives at the company frightened.