JPMorgan Chase CEO Jamie Dimon said on Wednesday that he regrets making a joke that the Wall Street institution would last longer than the Chinese Communist Party (CCP). Dimon made the quip during a Boston College series of CEO interviews on Tuesday. “We hope to be there for a long time,” he said. “I made…
US Banks Release Glowing 3Q Earnings as Sector Moves on From Pandemic
From JPMorgan Chase to Citigroup, some of America’s largest banks released their quarterly earnings results this week, and the numbers suggest that these financial institutions are leaving behind the coronavirus pandemic. Bank stocks could extend their rally now that the latest figures show businesses and individuals are borrowing again. Bank of America Beats Analysts’ Forecasts…
Bank CEOs Oppose Proposed Tax Hikes, Calling Them ‘A Mistake’
WASHINGTON—The chief executives of America’s largest banks criticized President Joe Biden’s plans to raise taxes on corporations, saying that the increased tax rate would make U.S. businesses less competitive globally. The CEOs of JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley testified virtually on May 27 before the House Financial…
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