JPM makes it clear these estimates are not theirs but the analyst . JPM could easily go to 60 in 12 months if the world economy catches fire I will sit for the double and collect the dividend. A take over is not out of the question. They are cutting cost like crazy and will be well postioned to take advantage of the cap markets recovery. The profits will soar when this happens.
Quit watching CNBC (regular cable) and turn on Bloomberg (you have to pay a little more) and you get a better picture when listening to analysis and analysts who have a different perspective. This POS missed big time.