Jamie Dimon Interview On CNBC (JPM)

J.P. Morgan

CEO Jamie Dimon was just on CNBC and he was discussing Dodd-Frank, saying he has serious issues with it. He believes that most of Congress who voted for it, doesn't really understand the rules and regulations of what went into it. Dimon also went on to say that he wants to raised the dividend in the second quarter of 2011, saying that the bank has more than enough adequate reserves to do so. He also believes that the housing crisis is more than two-thirds over, despite some concerns that a lot of foreclosures haven't even hit the market yet. Shares of J.P. Morgan closed at $43.60 today, up 20 cents.