Bank One's Dimon Fails to Persuade Analysts at Conference

Is Jamie Dimon losing his luster?

Bank One's (ONE Quote) CEO failed to dazzle analysts at an investor conference Thursday, prompting a flurry of negative comments and estimate cuts Friday. After months of supporting his turnaround plan, investors and analysts are increasingly wondering where the bank will find growth once its cost-cutting plans are complete.

Often some quality face time between a company and the analysts who cover it prompts some goodwill. But not this time. Mike Mayo at Prudential, Sean Ryan at Fulcrum Global Partners and Andy Collins at U.S. Bancorp Piper Jaffray issued reports this morning showing they aren't budging from their sell ratings. Similarly, Michael Plodwick at UBS Warburg reiterated a hold rating, while Lori Appelbaum at Goldman Sachs retained a market perform. ...