"While we meet all the requirements, we need to have our own view about right level of capitalization for the business," he said. "We've thought about the risk profile of our business and through the crisis we never breached the 7% level."
At JPMorgan's upcoming shareholder meeting, the bank has to contend with recommendations from proxy firms Institutional Shareholders Services Inc. and Glass, Lewis & Co. LLC, which have said that investors should vote against six directors -- including the risk policy committee -- in the wake of various scandals. But the most closely watched vote will be whether shareholders want the head man, Dimon, to keep his two hats.
Written by Jane Searle in New York
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV