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