Originally Posted by
cadetdrivr
I'm sure there's no bias because of their "internal walls" between divisions but isn't JP Morgan, as in JP Morgan Chase, UAL's banker, UAL's largest creditor, UAL's credit card processor, and UAL's largest customer (miles via the UAL credit card)?
The relationship between UAL and JP Morgan Chase is deep and wide.
I hadn't considered that aspect. Which analyst do you consider to be the least biased at the moment. (There are 'firewalls' between WS analysts and their banks/brokerages but not really)
Tilton made that relationship very deep when he presold a ton of UAL FF miles to JPM the last time the ship was sinking. He also reworked the credit card agreement with JPM. The money from JPM kept UAL afloat during the darkest days.