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☆ Judith Kent, Jamie Dimon's wife, went door to door in Michigan canvassing voters for Kamala Harris
▼ + stars: | 2024-11-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Judith Kent, Jamie Dimon's wife, hit the campaign trail for Kamala Harris on Sunday. Kent went door to door to speak to voters in Lansing, Michigan. AdvertisementJudith Kent, the wife of JPMorgan CEO Jamie Dimon, was out in Michigan canvassing voters for Vice President and Democratic presidential candidate Kamala Harris on Sunday. "I have a lot of respect for Jamie Dimon," Trump told the outlet. In addition to Kent, the Harris campaign has won the support of multiple powerful women in business and entertainment alike.

Persons: Judith Kent, Jamie Dimon's, Kamala Harris, Kent, Dimon hasn't, —, Jamie Dimon, Dimon, Harris, Maggie Haberman, Walz, Andrew Restuccia, I'm, I've, Donald Trump, Trump, BI's Grace Eliza Goodwin, Taylor Swift, Melinda French Gates, Laurene Powell, Gates Organizations: Service, Democratic, New York Times, Democratic Party, Kent, Harris, Business, JPMorgan, Bloomberg, Bloomberg Businessweek, Truth, Democratic National Committee Locations: Lansing , Michigan, Michigan, Lansing, Maggie Haberman . Michigan, Kent

☆ JPMorgan Chase is set to report third-quarter earnings – here's what the Street expects
▼ + stars: | 2024-10-11 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday. The biggest American bank has thrived in a rising rate environment, posting record net income figures since the Fed started hiking rates in 2022. Now, with the Fed cutting rates, there are questions as to how JPMorgan will navigate the change. Last month, JPMorgan dialed back expectations for 2025 net interest income and expenses, and analysts will want more details on those projections. Wells Fargo is scheduled to release results later Friday, while Bank of America , Goldman Sachs , Citigroup and Morgan Stanley report next week.

Persons: Chase Jamie Dimon, JPMorgan Chase, Jamie Dimon's, Wells Fargo, Goldman Sachs, Morgan Stanley Organizations: Chateau, JPMorgan, LSEG Revenue, Trading, American, Fed, KBW, Bank of America, Citigroup Locations: Versailles, Paris, Wells

☆ JP Morgan has done an excellent job under Jamie Dimon's leadership, says RBC's Gerard Cassidy
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJP Morgan has done an excellent job under Jamie Dimon's leadership, says RBC's Gerard CassidyGerard Cassidy, RBC Capital Markets co-head of global financials research, joins CNBC's 'Squawk on the Street' to discuss big bank earnings reported this morning, his read on banking activity going into next year, and more.

Persons: JP Morgan, Jamie Dimon's, RBC's Gerard Cassidy Gerard Cassidy Organizations: RBC Capital Markets

☆ CPI shows 'we're turning the page on inflation,' says NEC's Lael Brainard
▼ + stars: | 2024-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCPI shows 'we're turning the page on inflation,' says NEC's Lael BrainardLaell Brainard, National Economic Council director, joins CNBC's 'Squawk on the Street' to discuss if she's worried about the increase in key inflation measures, her reaction to Jamie Dimon's warning about government spending keeping prices elevated, and more.

Persons: NEC's Lael Brainard Laell Brainard, she's, Jamie Dimon's Organizations: CPI, National Economic Council

☆ A debate with bad blood
▼ + stars: | 2024-09-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

When discussing immigration, Harris took a shot at Trump's rallies, saying that people leave them early " out of exhaustion and boredom ." Trump responded with his own attack about Harris' rallies, but his demeanor also took a noticeable turn for the remainder of the debate. And while the two candidates basically don't agree on anything, Harris took one page out of Trump's book. The vice president had some noticeable facial expressions during the debate , something the former president has been known for. The Harris campaign said following the debate the vice president would participate in another one in October .

Persons: —, we're, Saul Loeb, Kevin Dietsch, Kamala Harris, Donald Trump, Harris, Trump, Jon Stewart, Insider's Brent D, Griffiths, David Muir, Linsey Davis, Roe, Wade, Elon Musk, Taylor Swift, Walz, Alex Brandon, Rebecca Zisser, Jamie Dimon's, Goldman Sachs, greenlights, Dan Ives, Ives, Brooks Kraft, Apple, Millennials, TikTok doesn't, Antony Blinken, Volodymyr Zelenskyy, Megan Thee, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Trump, White, JPMorgan, Apple, Brooks, Brooks Kraft LLC, Getty, YouTube, EV, UK Foreign, MTV, MTV . Locations: —, Ukraine, New York, London

☆ Jamie Dimon says succession planning is top of mind right now: 'We all want to get that exactly right'
▼ + stars: | 2024-09-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

He said president and COO Daniel Pinto 'could run the bank tomorrow.' Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJPMorgan Chase chairman and CEO Jamie Dimon is squarely focused on finding his successor.

Persons: Jamie Dimon's, Daniel Pinto, —, Jamie Dimon, Dimon, Jennifer Piepszak, Troy Rohrbaugh, Marianne Lake, Mary Erdoes Organizations: Service, JPMorgan, of Institutional Investors, Reuters, Business Locations: New York

☆ Leaked Microsoft salary data shows the pay gap between Microsoft AI and the rest of the company
▼ + stars: | 2024-08-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The doc includes more than 500 submissions from people who identified themselves as Microsoft employees in the US. The move came in response to a growing number of its workers feeling underpaid compared to Microsoft's tech peers like Amazon . AdvertisementAs a reminder, this pay data is based on Microsoft employees' self-reporting, so it's not a complete picture. However, the pay gap between Microsoft AI and the rest of the company is undeniable. These are the 100 most-used AI apps, according to a top VC.

Persons: —, Chelsea Jia Feng, Insider's Ashley Stewart, Ashley, Satya Nadella, Drew Angerer, Mustafa Suleyman, it's, they're, Tyler Le, Jerome, Jerome Powell's, Goldman Sachs, Jamie Dimon's, Dimon, Ned Davis, Justin Sullivan, Andreessen Horowitz, Jenny Chang, Rodriguez, Jack, Jerome Powell, Sabrina Carpenter, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Microsoft, Business, Microsoft Microsoft, Getty, Bloomberg Creative, JPMorgan, Treasury, Ned Davis Research, Big Tech, RBC Capital Markets, Consumer, Engineers, BI Locations: Washington, New York, London

☆ President Biden's reelection campaign is on its last legs as Democrats' fears extend beyond losing just the White House
▼ + stars: | 2024-07-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Biden's comeback plan isn't working , and Democratic leaders are ready to move on . President Joe Biden's reelection campaign appears to be on its last legs as calls within his party have grown from whispers to shouts since his disastrous debate last month. AdvertisementBut perhaps the biggest blow to Biden's reelection campaign came with the news that his former running mate has doubts. But for some Democrats, the risk of Biden continuing his reelection campaign could extend from the White House to Capitol Hill. Still, despite mounting pressure, Biden's campaign has remained steadfast about his reelection bid.

Persons: —, Biden's, Mario Tama, Tyler Le, Joe Biden's, it's, Insider's Brent D, Griffiths, Sen, Bernie Sanders, Biden, doesn't, That's, BI's Bryan Metzger, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi, Sarah Gray, Kelsey Vlamis, Barack Obama, Kent Nishimura, don't, Schumer, Jeffries, Adam Schiff, Quentin Fulks, Cros, Steve Schwarzman, it'll, Michael M, Jensen, Goldman Sachs, Peter Naylor, Amy Reinhard, Jamie Dimon's, cushy, Ernst & Young, Joe Biden, Kamala Harris, It's, Harris, Harvey Weinstein, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, American Airlines, United Airlines, Democratic, Business, Getty, Trump, Biden, Capitol, Case, Senate, Wall, Google, Bank of America, Blackstone, Nvidia, Netflix, EV, Mercedes, Benz, Warner Bros Discovery, Warner Bros, Discovery, WarnerMedia, Investors, JPMorgan, McKinsey, Ernst, American Express, Convention Locations: Crowdstrike, Biden's, AFP, New York, London

A branch of First Republic Bank is seen after Jamie Dimon's JPMorgan Chase & Co emerged as the winner of a weekend auction of the bank in San Franciso, California, U.S. May 1, 2023. First Republic failed on May 1, 2023, after a series of Federal Reserve interest rate increases caused large losses in its investment portfolio and led many depositors to move their money elsewhere. In their complaint filed last December, the former First Republic employees alleged that the FDIC had on May 18, 2023, wrongfully stopped making payments under their deferred compensation plan. First Republic failed less than two months after the failures of two other lenders, Silicon Valley Bank and Signature Bank. The case is Harrington et al v FDIC, U.S. District Court, Northern District of California, No.

Persons: Jamie Dimon's, Hyun Joo Jin, District Judge Haywood Gilliam, Gilliam, Harrington, Jonathan Stempel, Will Dunham Organizations: First Republic Bank, Jamie Dimon's JPMorgan Chase, REUTERS, Federal Deposit Insurance Corp, Bank, U.S, District, Federal, First, JPMorgan, Republic, Silicon Valley Bank, Signature Bank, FDIC, Court, Northern District of, Thomson Locations: San Franciso , California, U.S, California, San Francisco, Oakland , California, Northern District, Northern District of California, New York

☆ CNBC Daily Open: S&P retreats, yen surges, Tesla sinks
▼ + stars: | 2024-07-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The declines follow the lowest consumer price index in over three years. The yield on the 10-year Treasury fell, while U.S. oil prices rose on hopes of a rate cut. The Fed is "one step closer to a September rate cut," said Chris Larkin, managing director of trading and investing at E-Trade.

Persons: Jesse Pound, Chris Larkin, Kit Juckes, Elon Musk, Jamie Dimon's Organizations: CNBC, Nasdaq, Big Tech, Nvidia, Meta, Dow Jones, Treasury, U.S, Societe Generale, Delta Air Lines, Paris, Bloomberg, JPMorgan Locations: U.S

☆ Welcome back to Wall Street earnings season
▼ + stars: | 2024-07-11 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +6 min

But for now, we're turning to Wall Street in our big story, as big banks gear up to report their earnings. The big storyEarnings to watchMomo Takahashi/BIJust like that, it's Wall Street earnings season once again. Wall Street banks have been waiting for M&A, IPOs, and other fee-generating corporate dealmaking to come roaring back for two years. In May, the CEO shocked Wall Street by saying he plans to step down in the next five years . Will banks start charging for everyday consumer products like checking accounts?

Persons: —, Joe Biden's, Sen, Peter Welch, Biden, Momo Takahashi, Wells, Goldman Sachs, Morgan Stanley, Kaja Whitehouse, Jamie Dimon's, Kaja, Jefferies, Jamie Dimon, Wall, Marianne Lake, We're, Larry Fink, Jenny Chang, Rodriguez, Neil Dutta, Tesla's, Elon Musk, Jeff Bezos, Rich Guy, Alyssa Powell, Andrei Cojocaru, David Zaslav, isn't, Joe, Zaslav, Jordan Parker Erb, Lisa Ryan, Joe Ciolli, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Democrat, Democratic, Hollywood, NATO, Business, showtime, JPMorgan, Citigroup, BlackRock, Bank of America, Getty, Warner Bros, Discovery, Air Lines, PepsiCo, Bureau of Labor Statistics Locations: New York, Chicago, London

☆ These bank stocks are expensive, along with JPMorgan, using Jamie Dimon’s math
▼ + stars: | 2024-05-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Tangible book value , a common yardstick used to value banks, measures shareholder equity minus the value of a bank's intangible assets and goodwill. Following Dimon's comments, CNBC Pro screened for banks in the S & P 500 that also sport a price-to-tangible book value of 2 or more. With a price-to-tangible book value of 2.6, Bank of New York Mellon was the most expensive name on the list. Similar to JPMorgan, Fifth Third Bancorp has a price-to-tangible book ratio of 2. Other names on the list of expensive bank stocks included U.S. Bancorp and Discover Financial Services .

Persons: Jamie Dimon's, JPMorgan Chase, Dimon, We're, Morgan Stanley, Betsy Graseck, Graseck, Bank of New York Mellon, Vivek Juneja, —, Fred Imbert Organizations: JPMorgan, CNBC Pro, Bank of New York, Fifth Third Bancorp, . Bancorp, Discover Financial Services Locations: Monday's, Cincinnati

☆ Jamie Dimon might finally be ready to call it quits
▼ + stars: | 2024-05-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyA retirement loomsMarianne Ayala/BIThe world's most recognizable banker might finally be ready to call it quits. The comings and goings of Wall Street executives are common, even at the highest levels. Wall Street has long speculated about who will ultimately succeed Dimon. Martin Gruenberg has told staff he'll stand down as chairman once a replacement has been found , per The Wall Street Journal. A report from the Wall Street Journal says the company hopes to conduct its next implant in June.

Persons: —, Jamie Dimon's, Marianne Ayala, Jamie Dimon, Insider's Paul Squire, nodded, Morgan Stanley, JPMorgan's, Tom Williams, Dimon, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, BI's Reed Alexander, Reed, M, Alyssa Powell, Goldman Sachs, Lindsay MacMillan, Nancy Lazar, Piper, Martin Gruenberg, OpenAI, Scarlett Johansson, Sam Altman's, Andrea Chronopoulos, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Navy SEAL, Business, JPMorgan, Street, Citi, Bank, Inc, Getty, Wall, Dimon, Bank of America, FDIC, Microsoft, Wall Street Journal Locations: New York, London

☆ JPMorgan CEO Jamie Dimon signals retirement is closer than ever
▼ + stars: | 2024-05-20 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Jamie Dimon, CEO of JPMorgan Chase, at the U.K. Jamie Dimon's days as CEO of JPMorgan Chase are numbered — though its unclear by how much. In a response to a question Monday about the bank's succession planning, Dimon indicated that his expected tenure is less than five more years. That's a key change from Dimon's previous responses to succession questions, in which his standard answer had been that retirement was perpetually five years away. Even when he steps down as CEO, however, it's likely he will stay on as the bank's chairman, JPMorgan has said.

Persons: Jamie Dimon, JPMorgan Chase, Jamie Dimon's, That's, Dimon, I've, Marianne Lake, Jennifer Piepszak, it's Organizations: JPMorgan, U.K, Global Investment Locations: Hampton, London, York, America

☆ JPMorgan is well diversified, says Gabelli Funds' Macrae Sykes
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan is well diversified, says Gabelli Funds' Macrae SykesMacrae Sykes, portfolio manager at Gabelli Funds, joins 'Squawk Box' to discuss Jamie Dimon's tenure at JPMorgan, capital requirements in Basel III Endgame, and more.

Persons: Macrae Sykes Macrae Sykes, Jamie Dimon's Organizations: JPMorgan, Gabelli Locations: Basel

☆ Jamie Dimon had a lot to say in his annual letter to shareholders
▼ + stars: | 2024-04-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Jamie Dimon's annual letter to shareholders and why this edition is so different . The big storyDimon sounds offWin McNamee/Getty Images; Chelsea Jia Feng/BIWhen Jamie Dimon talks, people tend to listen. Dimon's annual letter to shareholders grabs the business world's attention in ways most executives can only imagine. Dimon described the tech as just as innovative and impactful as the printing press, steam engine, electricity, and the internet, writes Business Insider's Jyoti Mann. The polarization of politics was something Dimon touched on in his letter, urging people to resist being "weaponized."

Persons: —, Jamie Dimon's, Jamie's, Win McNamee, Chelsea Jia Feng, Jamie Dimon, Larry Fink, Dimon, Insider's Jyoti Mann, BI's Theron Mohamed, BI's Juliana Kaplan, Alex Brandon, Rebecca Zisser, he's, it'd, David Rosenberg, Jenny Chang, Rodriguez, Elon Musk, Tesla, Musk, Gabor Cselle, Brooks Kraft, Zers, they'll, they've, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, JPMorgan, Democratic, Monetary Fund, Microsoft, Google, Twitter, Brooks Kraft LLC, Getty, Warner Bros, Oxford High, Boeing Locations: Pennsylvania, Asia, Hong Kong, Singapore, Dubai, Abu Dhabi, London, New York

☆ Jim Cramer's quick takes on JPMorgan, Tesla, TSMC, Take-Two and Fastly
▼ + stars: | 2024-04-08 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Taiwan Semiconductor Manufacturing Company : The chipmaker gets $6.6 billion from the U.S. government to support to building three plants in Arizona. Take-Two Interactive : The video game stock was upgraded at Citi to buy. Fastly : The stock was upgraded to a buy-equivalent overweight rating at Piper Sandler. The analysts said the company is gaining market share in the core content delivery network market.

Persons: Jim Cramer's, Jamie Dimon's, Jamie Dimon, Jim Cramer, Cramer, Elon Musk, Gina Raimondo, Piper Sandler Organizations: CNBC, Club, JPMorgan, Fargo, Taiwan Semiconductor Manufacturing Company, U.S, Citi Locations: Arizona, America, China, Taiwan

☆ A real estate CEO predicts hundreds of banks will fail or be taken over by 2026
▼ + stars: | 2024-03-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

A real estate boss expects at least 500 banks to fail or be taken over in the next two years. Scott Rechler, CEO of RXR, said the maturing of commercial real estate loans would hit smaller lenders. Commercial real estate has been hit by declining asset prices, costlier borrowing, and tighter lending. AdvertisementHundreds of American banks will collapse or be taken over by 2026, a top real estate executive predicted. Silicon Valley Bank, Signature Bank, and Silvergate Bank folded last spring after worries about their health spurred a wave of deposit withdrawals.

Persons: Scott Rechler, —, Fortune, I'm, It's, Jamie Dimon's Organizations: Service, Deposit Insurance Corporation, Silicon Valley Bank, Signature Bank, Silvergate Bank, New, New York Community, Federal Reserve, JPMorgan Locations: New York

☆ A hard-landing recession is guaranteed as the full impact of Fed rate hikes have yet to hit the economy, Morgan Stanley's chief economist says
▼ + stars: | 2024-02-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

A hard landing is guaranteed for the US Morgan Stanley's chief US economist. That's because the full impacts of Fed tightening haven't been fully felt in the economy. It could take 18 months after the last rate hike to feel the full weight of higher rates, economists say. Zentner is expecting the US to avoid a recession this year, as there's no data to support a soon-to-come downturn. AdvertisementStill, signs point to the Fed keeping interest rates elevated as it keeps an eye on inflation.

Persons: US Morgan Stanley's, Ellen Zentner, Morgan Stanley's, Zentner, Jamie Dimon's Organizations: US, Federal Reserve, CNBC, Analytics, Bank, Investors

☆ Jamie Dimon's big JPMorgan stock sale may be a warning sign, given his stellar track record at market timing
▼ + stars: | 2024-02-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

JPMorgan CEO Jamie Dimon sold hundreds of thousands of shares in the bank last week, a possible worrisome signal given his strong track record at timing the market. What Dimon sold was all profit from the more than one million shares he bought between 2009 and 2016, Bespoke said. In total, Dimon bought more than 1.2 million shares between 2009 and 2016. JPM KBE,.SPX YTD mountain JPMorgan vs. the S & P 500 and SPDR S & P Bank ETF, year to date JPMorgan shares are up more than 8% so far in 2024, outperforming the S & P 500 's less than 7% gain as well as a more than 4% decline in the SPDR S & P Bank ETF (KBE) . A filing from JPMorgan last October said Dimon would sell one million shares sometime in 2024 but didn't specify when.

Persons: Jamie Dimon, Dimon, FactSet, JPM Organizations: Investment, upturns, JPMorgan, Insider, P Bank, P Bank ETF

☆ Meet the Man Behind Litquidity, the Anonymous Instagram Account Dominating Wall Street
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Hayley Cuccinello | ) www.businessinsider.com time to read: +26 min

The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.

Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, —, Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho

☆ JPMorgan just shuffled its management. Here's what the new line-up says about Jamie Dimon's succession plans.
▼ + stars: | 2024-01-26 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

Lake, who co-led the consumer and community bank with Piepszak since 2021, will now have sole oversight of that segment. Piepszak and Rohrbaugh will take on day-to-day control of the corporate and investment bank, which Daniel Pinto has led since 2014. Jennifer Piepszak, a JPMorgan lifer, will leave the consumer side of the organization for her new role atop the commercial and investment bank. BIIIn her new role, Piepszak will have a chance to gain more experience on the wholesale side of the business. She joined the bank following her college graduation and spent 17 years in various finance roles across the investment bank.

Persons: Jamie Dimon, Jennifer Piepszak, Marianne Lake —, Dimon, Troy Rohrbaugh, Rohrbaugh, Daniel Pinto, Pinto, Dimon's, JPMorgan Pinto, Gordon Smith, Lake, Piepszak, JPMorgan.com Mary Callahan Erdoes, Erdoes, Morgan Stanley, James Gorman, Mike Mayo Organizations: JPMorgan Chase, Business, JPMorgan, Wall, First Locations: Piepszak, BII, Euromoney, Wells Fargo

☆ Jamie Dimon gets $36 million in compensation after historic year for JPMorgan
▼ + stars: | 2024-01-18 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +2 min

The bank's board increased CEO Jamie Dimon's pay by 4% to $36 million. So it's probably not surprising that its longtime CEO, Jamie Dimon, is getting a raise from the bank's board, a 4% bump, to $36 million, for 2023. The bank disclosed Dimon's compensation in a securities filing on Thursday. His pay consists of an annual base salary of $1.5 million, $5 million in cash, and $29.5 million in performance share units, according to the filing. Dimon's compensation was $34.5 million for both 2022 and 2021.

Persons: JPMorgan Chase, Jamie Dimon's, —, it's, Jamie Dimon, Mike Mayo, Dimon Organizations: JPMorgan, Service, JPMorgan Chase, First, CNBC Locations: First Republic, Wells Fargo, Wall

☆ Jamie Dimon's stock-moving trades show why investors should track CEOs' buying and selling
▼ + stars: | 2023-10-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +24 min

While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.

Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, —, Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL

☆ How Morgan Stanley exec Ted Pick rose from 'rough edged' deal junkie to CEO
▼ + stars: | 2023-10-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +21 min

Editor's note: Morgan Stanley announced on October 25 that Ted Pick would replace James Gorman as CEO. Employees knew they were getting promoted if Pick told them to wear a tie the following day, an ex-managing director recalled. While Morgan Stanley currently trades at a premium among its Wall Street peers, its enviable success isn't thanks to Pick. Gonzalo Marroquin/Patrick McMullan via Getty Images Show less Morgan Stanley investment management head and dark horse in the race for CEO, Dan Simkowitz. Despite enjoying the stock price gains under Gorman's reign, plenty of longtime employees want another dyed-in-the-wool Morgan Stanley loyalist, according to a former senior executive.

Persons: Morgan Stanley, Ted Pick, James Gorman, Pick, Gucci loafers, Blackstone, Tony James, Morgan, Gorman, Andy Saperstein, Dan Simkowitz, John Mack, Ted, James, Phil Purcell, Mack, Purcell, Merrill Lynch, Paul Taubman, Colm Kelleher, coheads, Gonzalo Marroquin, Patrick McMullan, Saperstein, Euromoney, Parker Gilbert, He's, John, cohead, Bolu, Goldman Sachs, Pablo, tony, Betsey Kittenplan, Smith Barney, James cochairs, Jim Breyer, Anna Wintour, John Mack pranking Pick, John Waldron, I'm, Howard Marks, Bill Parcells, atta, Brian Moynihan, aren't, David Solomon, Jamie Dimon's, Eaton Vance, he's, you've, Richard Drew, —, Hayley Cuccinello Organizations: Employees, Archegos Capital Management, Blackstone, McKinsey, Getty, Middlebury College, China Construction Bank, Harvard Business School, Mitsubishi, Wall, Autonomous Research, Anguilla, Agricultural Bank of China, Capital Management, Metropolitan Museum of Art, Vogue, New York Rangers, Oaktree Capital Management, Bloomberg, Staten, Disney, JPMorgan, Trade, AP Locations: China, Beijing, Manhattan, New York City, Caracas, Venezuela, Brookville, tony Long, hcuccinello@insider.com

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