FILE - JPMorgan Chase & Company Chairman and CEO Jamie Dimon testifies at a Senate Banking Committee annual Wall Street oversight hearing, Thursday, Sept. 22, 2022, on Capitol Hill in Washington. JPMorgan Chases third-quarter profit soared 35% from last year, fueled by a rapid rise in interest rates, but Dimon, issued a sobering statement about the current state of world affairs and economic instability, Friday, Oct. 13, 2023.
Dimon laid out a laundry list of major issues: the Russia-Ukraine War, the new war between Israel and the Palestinians in Gaza, high levels of government debt and deficits, high inflation, as well as the tight labor market, where worker demands for increased wages has led to high-profile strikes in manufacturing and entertainment.
Dimon often weighs in on global and economic issues that go beyond the scope of banking. He's often seen as the banker that Washington and global leaders can turn to for advice, solicited or unsolicited. His comments are likely to reverberate through Washington and Corporate America. The bank reported a profit of $13.15 billion, up from $9.74 billion in the same period a year earlier. On a per-share basis, profit rose to $4.33 a share from $3.12 a share a year earlier. The result beat analysts' forecasts, which called for a profit of $3.95 a share, according to FactSet.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: AP - 🏆 728. / 51 Read more »