Expectations have been high since it was reported in March that Amazon is in talks with banks including J.P. Morgan Chase to create a checking-account-like product. Since then, big U.S. lenders have announced or rolled out digital-only accounts.
Former Trump economic advisor Gary Cohn: Jamie Dimon would make a 'phenomenal president'
"Counter to what most people think, many of the extreme actions we took were not done to make a profit; they were done to support our country and the financial system," the CEO said to employees in the message obtained by CNBC.
J.P. Morgan Chase said that third-quarter trading revenue is headed for a mid-single-digit decline because of the impact of the corporate tax overhaul.
Incoming CEO David Solomon names Stephen Scherr as chief financial officer. Martin Chavez, a technologist who has been CFO since May 2017, will return to the trading division as one of three co-heads.
JP Morgan is upping the ante for fans of its popular rewards program.
A day after Dimon said he was "smarter" than Trump, the president calls the J.P. Morgan CEO a "poor public speaker and a nervous mess."
Jamie Dimon took a swipe at President Donald Trump, claiming that he could defeat the president in a head-to-head election. Within minutes, Dimon addressed the uproar caused by his comments: "I should not have said it. I'm not running for president."
The plan, called AdvancingCities, is broad to create opportunities for people who have been left behind by economic growth.
Nearly any way you look at it – stock performance, revenue, share in businesses from deposits to bond trading, Jamie Dimon has outdone his rivals among big U.S. banks.