Is Jamie Dimon feeling the heat?

JPMorgan CEO Jamie Dimon had been riding high as of late, boosting in his profile as the credit crunch rolled on, and building his standing with key regulators. But not even Dimon can withstand all effects of the crunch. CNBC notes the bank may post a loss for the quarter, though most analysts still see a profit, and at a minimum faces a very tough year in 2009.

Indeed, no less than Deutsche Bank analyst Mike Mayo lowered his 2009 estimate to $2.05 per share from $2.70. Mr. Market has been cautious on the bank amid lots of anxiety about its loan losses. While the bank may have adroitly sidestepped the subprime debacle, it cannot escape the recession, which will pressure traditional consumer credits, home equity, credit cards and the like. CNBC says Dimon's "crown as King of Wall Street will tilt a little bit."  

For more:
- here's a CNBC video
- here's more on Mayo's move from the AP

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Jamie Dimon news from FierceFinance