Analyst Argues JP Morgan Chase Might Need More Money Than Citigroup

Analyst Argues JP Morgan Chase Might Need More Money Than Citigroup

Market fear reached such a high last week that JP Morgan CEO Jamie Dimon found he could not get on a plane to Saudi Arabia without arousing suspicions that he was attempting to raise money from oil rich Middle Easterners. As it turned out, he had gone to the grand opening of a new JP Morgan office in Riyadh. Many market watchers, however, jumped to the conclusion that JP Morgan could be in need of more capital.

Then again, just because you are paranoid doesn't mean they aren't out to get you. Yesterday we found an analyst report arguing that JP Morgan might need even more new capital than Citi. Could we be headed for another huge rescue?

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