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With the finale of a popular reality series at hand we got to thinking, who should be crowned the new Wall Street Idol.... errr, King of Wall Street?
At this stage of the competition, there aren’t too many contestants left. In fact we’re down to the final four.
Jamie Dimon, CEO of JPMorgan
Dimon may be the popular favorite. At the bank’s annual meeting this CEO announced plans to pay back TARP, “in a couple of weeks.” Dimon also said that even with earnings down in 2008, it may have been the bank's "finest year." Dimon said the bank grew in every single business area in 2008.
Lloyd Blankfein, CEO of Goldman Sachs
Blankfein is a long-time favorite. The Goldman Sachs CEO has repeatedly said he expects to pay back TARP "soon." Earlier in the month he offered shareholders a guardedly optimistic forecast when he said, the tone of the markets had greatly brightened since the darkest days of last fall.
John Mack, CEO of Morgan Stanley
Mack is a favorite on the desk with Morgan Stanley considered a best of breed stock by many of the Fast Money traders. That’s partly due to the deal Mack struck with Vikram Pandit in which Morgan Stanley will acquire a controlling stake in Citigroup's Smith Barney unit creating the nation's largest single brokerage.
Larry Fink, CEO of Blackrock
Fink may be the underdog but with strong momentum. According to the New York Times, “The financial crisis has ravaged many a Wall Street giant, but it has also produced a handful of winners. BlackRock, a money manager that is much admired but little known outside financial circles, is fast emerging as one of the nation’s financial powerhouses.”
What do you think? Tell us now!
Find out who the Fast Money traders think should take the top spot! Watch the video now!
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Trader disclosure: On May 19th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (AAPL), (WFC), (AGU), (SKF), (SDS), (F); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (BBY), (BX), (FCX), (EEM), (INFY), (PBR), (RIO), (TTM); Finerman Owns (RIG); Finerman's Firm Owns (PBR), (RIG), (WMT); Finerman's Firm Owns (BAC) Preferred, (WFC) Preferred; Finerman's Firm Is Short (WFC), (BAC)
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