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Big banks post big profits

Oct 13, 2023
The classic way banks make money rests on three words: net interest income.
Big banks JPMorgan Chase, Wells Fargo and Citigroup told investors they netted a combined $22 billion this past quarter.
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Why Jamie Dimon is the CEO that bridges Wall Street and Washington

Emily Flitter of The New York Times explains how the head of JPMorgan became one of the key people trying to shore up the banking system.
"It's not like Jamie Dimon has dictatorial control over the situation the way John Pierpont Morgan Sr. did, but there are some incredible similarities," says New York Times reporter Emily Flitter. Above, the JPMorgan Chase CEO.
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What's next for JPMorgan after acquiring First Republic?

May 2, 2023
JPMorgan acquired First Republic's assets and customers, but also a lot of outstanding debt.
JPMorgan Chase CEO Jamie Dimon is pictured. The bank's acquisition of First Republic means it assumes a large number of new assets, customers and debt.
Eric Piermont/AFP/Getty Images

Why big banks are "canaries in the economic coal mine"

Jan 9, 2023
On Friday, Bank of America, Citigroup, Wells Fargo and JPMorgan Chase will post earning reports. Parts of their business struggled in the fourth quarter.
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Wall Street widened the racial wealth gap. Can big banks help bridge it?

Oct 25, 2022
In her new book, journalist Emily Flitter looks at how Wall Street giants have kept Black Americans out of the financial industry.
The JPMorgan Chase headquarters building in New York. Many major Wall Street firms pledged to support economic equality for Black Americans after the killing of George Floyd in 2020.
Michael M. Santiago/Getty Images

JPMorgan pauses stock buybacks as profits slump

Jul 14, 2022
CEO Jamie Dimon also cited economic worries, including the Ukraine war and inflation, in the big bank's move to conserve cash.
JPMorgan Chase's quarterly financial results disappointed Wall Street, and CEO Jamie Dimon discussed risks to the economy.
Michael M. Santiago/Getty Images

JPMorgan Chase promises $30 billion to address racial wealth gap

Some of the initiative is philanthropic, but most of it is lending with an expected return for the bank.
"We can do more and do better to break down systems that have propagated racism and widespread economic inequality, especially for Black and Latinx people," JPMorgan Chase Chairman and CEO Jamie Dimon said.
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For public good, not for profit.

Chase seeks new markets with new branches

Mar 14, 2019
JPMorgan Chase just announced that it’ll open 90 new branches by the end of the year.
JPMorgan Chase just announced that it’ll open 90 new branches by the end of the year
BRYAN R. SMITH/AFP/Getty Images

The last CEO standing from the financial crisis

Oct 3, 2018
Cybersecurity is now the top worry of Jamie Dimon, the CEO of JPMorgan Chase.
Peter Balonon-Rosen/Marketplace

A big bank bets on sustainability

Jul 28, 2017
JPMorgan Chase announced today a $200 billion commitment to financing clean energy. On top of that, divisions across the firm, from retail to real estate, are working to switch all Chase properties around the world to 100 percent renewable power by the year 2020. That’s more than 5,000 properties in some 60 countries. Here’s why […]