JPMorgan CEO Jamie Dimon Says the Stock Market’s Brutal 4th Quarter ‘Might Be a Harbinger of Things to Come’

JPMorgan Chase CEO Jamie Dimon defended capitalism, lower corporate taxes, and stock buybacks while highlighting the bank’s strength’s including its “fortress balance sheet” in his annual letter to shareholders released on Thursday.

The volatile fourth quarter of 2018 was also addressed in the letter, with Dimon saying that it “might be a harbinger of things to come—creating both risks for our company and opportunities to serve our clients.” The Dimon letter, like the one from Berkshire CEO Warren Buffett, is eagerly awaited because of Dimon’s stature as the country’s leading banker, his often outspoken views, and the breadth of the topics that he addresses

Dimon reiterated his view that the cut in the U.S. corporate tax rate to 21% from 35% was a beneficial development for business and the country.

Sure it was, especially for him... And it still would be if the central banks wouldn't distort the market...

Booo!

I am sure it was capitalism that saved AIG and the rest of them too....

Its true.. but at this point in the great experiment... NOT all things should be for profit...

True....but only because Socialism keeps baling it out and providing for matters of public policy

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Stock futures stall | Tesla shares tanks | Dimon defends capitalismIt's not clear that the stock market's recent rally will end today, but it's also unclear that it will continue, with futures trading close to the flat line. Errr think you meant to say 'congratulations Tesla on a true American success story, another record quarter, your numbers are up quarterly, while other EV and traditional auto struggle in the mud (their EVs still have full tax credits)...Amazing that Tesla is expanding worldwide.
Source: CNBC - 🏆 12. / 72 Read more »

JP Morgan Chase is the largest bank in America. Here's how it got thereFrom the railroad and steel consolidations brokered by John Pierpont Morgan on Wall Street more than a century ago, to the financial crisis, and Jamie Dimon's leadership, J.P. Morgan Chase has been at the center of finance for more than a century. No wonder they scared of bitcoin, they can’t control it like the USD And how he held back humanity more than 100 years by destroying Teslas work and his roll out of FREE ENERGY for the masses? UN intresting
Source: CNBC - 🏆 12. / 72 Read more »