In October, General Director of JPMorgan Chase & Co, are preparing for 2010, the company Q3 earnings conference call and wondering how to deal with the inevitable issues related to financial reform. It was just over two months since the Dodd-Frank Financial Reform and Consumer Protection Act (Dodd-Frank Act) was passed, and there was a lot of uncertainty about how JPMorgan should consider reforms. JPMorgan reported stronger-than-expected EPS for the third quarter, but analysts were more concerned that the strategic initiatives of the Director will act in response to the Dodd-Frank Act. The law introduced a broad reform and development of the industry, which were aimed primarily at the fully integrated financial institutions, such as JPMorgan. While most of the rule-making will come from regulators, CEO knew that it would be better to address these issues immediately to protect shareholders, avoiding uncertainty. "Hide
by Giorgos Allayannis, Adam Risell Source: Darden School of Business 13 pages. Publication Date: November 28, 2011. Prod. #: UV5660-PDF-ENG