Description: JPMorgan Chase kicked off the banking industry’s earnings season on Friday with news that its profits surged 48 percent last year amid signs that consumers and businesses had slowly regained their balance in the aftermath of the financial crisis.

Source:  NYTimes.com
 
Date: 01/14/2011

Link: http://dealbook.nytimes.com/2011/01/14/jpmorgans-fourth-quarter-profits-rise-47-to-4-8-billion/?ref=business

Questions for discussion: 

• Summarize the explanation for the recovery reported by JP Morgan.
• How might  investors be expected to respond to this stock, the banking industry, and the general stock market?
• What would you advise investors to do today?