When JPMorgan Chase bought First Republic Bank in May, all eyes were on its CEO, Jamie Dimon.
Here’s how the executive’s strategy for managing risk propelled him to the top of the banking world.
Photo illustration: John McColganAmerican consumers and businesses remained on surprisingly solid financial footing last year, propelling earnings for the biggest banks yet again.
JPMorgan Chase said it made $50 billion in 2023, a record, as many firms reported fourth-quarter and full-year results Friday.
JPMorgan, Bank of America , Wells Fargo and Citigroup together earned $104 billion in 2023, up 11% from a year earlier.
Persons:
JPMorgan Chase, Jamie Dimon, John
Organizations:
JPMorgan, First Republic Bank, Bank of America, Citigroup
Locations:
Wells Fargo