JPM's Teachable Moment; Bonus Blues at Both Houses of Morgan

Breaking News This Morning ...

Earnings: JPMorgan, Bank of New York Mellon, Comerica, M&T, Northern Trust, U.S. Bancorp, Goldman Sachs

JPMorgan Potpourri: CEO Jamie Dimon's compensation has been cut, as expected. The company also released management and board reports on the London Whale trading loss. "This incident teaches a number of important lessons that the Firm is taking very seriously," the report says. Receiving Wide Coverage ... ...