Eleven Years in the Making: Breaking Even on JPMorgan’s Purchase of Bear Stearns

James Dimon got a $30 stock for $10. It took 11 years to close the gap.

香蕉视频苹果下载When Stephen Bearce bought 100 Bear Stearns shares at about $30 each on Friday, March 14, 2008, he was betting the investment bank would be taken over and he would turn a quick profit. He was only half right.

JPMorgan Chase & Co. struck a deal to buy Bear Stearns that weekend for a fraction of the price Mr. Bearce paid. It took until this month for him to break even.

Eleven...