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Search resuls for: "Jamie Dimon didn't"


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Stocks are up modestly in early trading Wednesday, but the usual signals of volume spikes and higher volatility are still not present. Yet here we are, with the 10-year at 4.55% yesterday and looking like it wants to get to 5.0% fast. Total equity volume yesterday was 10.4 billion shares, well below the September 2022 average of 11.4 billion, and 3% below the average level even for August, a vacation month. Modest volumes, relatively low volatility with prices down notably means there is no selling panic, but there is a buyer's strike in stocks. They need to see rates come down before they have confidence to buy stocks again."
Persons: Chris Verrone, Morgan, Jamie Dimon didn't, Verrone, You'd, Mike O'Rourke, Neel Kashkari, Here's, I've, Alec Young Organizations: UAW, Jones Trading Locations: China, Minneapolis
Ken Griffin, the founder and CEO of Citadel. It's good to be Ken Griffin. Plenty of people find success on Wall Street that most can only dream of. But Ken Griffin seems to be winning in ways that even his peers can't fathom. Click here to read more about Ken Griffin rise to the top of Wall Street and what could be next for the billionaire.
JPMorgan CEO Jamie Dimon hasn't got a pay raise for 2022 as the Wall Street giant faces economic headwinds. Dimon earned $34.5 million for his work last year, unchanged from the previous period, per Reuters. The bank's board members voted against granting any "special awards" to Dimon in the future. Board members also vetoed granting Dimon any special awards in the future, following shareholder pushback last year against a proposed $50 million payout for 2021. Although Dimon didn't get a raise, the bank's board members didn't hold back praise for him.
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