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The JPMorgan Chase Meeting: No Gnus is Good Gnus?

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Well, that was kind of anticlimactic. After a big buildup this week—and rumors that JPMorgan Chase CEO Jamie Dimon might announce a big acquisition and talke of a possible merger with Bear Stearns—the big news out of yesterday’s meeting with shareholders was that there is no big news. Organic growth. More investment bankers. More traders, especially energy traders. Regional acquisitions in BRIC-type countries, especially Russia and Brazil. Yadda, yadda, yadda, as they used to say.
J.P. Morgan Shuns Dealmaking for Growth, for Now [DealBook]JPMorgan Will Expand Investment Bank, Hire Traders [Bloomberg]
JPMorgan chairman says 'acquisition capable' [Reuters]