Kevin O'Leary Says Calls To Ban Short Selling 'Absolutely Ridiculous': 'Let The Markets Be The Markets!'
Portfolio Pulse from Chris Katje
Investor and 'Shark Tank' star Kevin O'Leary opposes the idea of banning short selling on bank stocks, calling it 'absolutely ridiculous.' This comes amid increasing calls to ban short selling due to pressure on the regional banking sector after several collapses and bankruptcies. JPMorgan Chase & Co CEO Jamie Dimon has also been vocal about banning short selling on banks.
June 02, 2023 | 6:17 pm
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NEUTRAL IMPACT
JPMorgan Chase & Co CEO Jamie Dimon has been vocal about banning short selling on banks, blaming short sellers for the collapse of regional banks.
While Jamie Dimon's stance on banning short selling on banks may generate discussions, it is uncertain whether it will lead to any regulatory changes. Therefore, the short-term impact on JPM's stock price is neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50