1. DIMON IN THE ROUGH

    JPMorgan Chase Reports Big Earnings

    NWK Caption: Jamie Dimon, chief executive officer of JPMorgan Chase & Co., center, arrives to a Senate Banking Committee hearing in Washington, D.C., U.S., on Wednesday, June 13, 2012. Dimon will tell Congress the bank let traders take risks they didn't understand but not answer key questions about more than $2 billion in trading losses, according to prepared testimony. Photographer: Andrew Harrer/Bloomberg via Getty Images -- IPTC Caption: Jamie Dimon, chief executive officer of JPMorgan Chase & Co., center, arrives to a Senate Banking Committee hearing in Washington, D.C., U.S., on Wednesday, June 13, 2012. Dimon will tell Congress the bank let traders take risks they didn't understand but not answer key questions about more than $2 billion in trading losses, according to prepared testimony. Photographer: Andrew Harrer/Bloomberg via Getty Images

    Andrew Harrer / Bloomberg via Getty Images

    Cash is king, and thus it looks like Jamie Dimon is still the man on top. With solid earnings of $6.5 billion in the second quarter, the behemoth bank seems to be rebounding after a year of negative press related to the $6.2 billion loss by the “London Whale.” However, despite the strong numbers, Wall Street responded with a collective shrug. A lot of the earnings came from releasing loan reserves, and the bank indicates its mortgage business would suffer as rates rise.

    Read it at CNBC