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LuckyPanda

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Re: rockie101 post# 604670

Tuesday, 12/31/2019 12:37:09 PM

Tuesday, December 31, 2019 12:37:09 PM

Post# of 730807
JPM announced the $30B "found" news on the 1st of Jul 2015. If they really got to keep the $30B windfall, their stock price should have jumped by at least $20B market cap in the following week. Around 2015 Jul, that translates to about $7 jump in share price. If you pull up the 5 year stock chart on JPM, you will notice that the stock stayed flat around $68 for the entire month of Jul 2015. And it even dropped there after.

So I dont think the market believed that they got to keep the $30B windfall from the "lost and found" Wamu rubble.
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