Dick Bove Says No Movement In J.P. Morgan Stock On Prop Trading News (JPM)

Roger Nachman , Benzinga Staff Writer

August 31, 2010 3:37pm Comments

Dick Bove just announced on CNBC that despite the news that J.P. Morgan Chase (NYSE: JPM) is shutting down its prop trading desks, that this should not have an affect on the stock price.

The news was first heard on Bloomberg TV approximately 20 minutes ago.

Shares of J.P. Morgan are currently higher on the day, gaining 38 cents to trade at $36.23.

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Dick Bove Says No Movement In J.P. Morgan Stock On Prop Trading News (JPM)

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