JPMorgan Chase CEO Jamie Dimon’s Annual Letter Projects Resilience in Challenging Times

Sandton, Gauteng, South Africa – April 8, 2024

JPMorgan Chase CEO Jamie Dimon released his annual letter to shareholders today, outlining the financial giant’s performance and strategies in a year marked by global turmoil. The letter emphasizes JPMorgan Chase’s resilience amidst ongoing geopolitical tensions, economic uncertainties, and societal challenges.

Dimon acknowledged the significant challenges of 2023, including conflicts, geopolitical tensions, and economic instability. He underscored the importance of American leadership and unity while highlighting JPMorgan Chase’s commitment to global stability.

Despite the turbulent environment, Dimon highlighted the resilience of the U.S. economy, driven by consumer spending and government stimulus. He cautioned about potential risks like inflation and geopolitical conflicts.

On the financial front, Dimon shared JPMorgan Chase’s strong performance in 2023, with record revenue and net income. He emphasized the company’s growth and its role in advancing economic growth.

The letter also highlighted JPMorgan Chase’s commitment to corporate responsibility, citing initiatives to support economic inclusivity, affordable housing, and small businesses.

Dimon outlined the company’s core principles and strategies, emphasizing customer focus, innovation, and talent development. He acknowledged the partnership between JPMorgan Chase and the U.S. government.

Furthermore, Dimon stressed the importance of JPMorgan Chase’s people and culture, highlighting investments in talent, risk management, and innovation.

Overall, Dimon’s letter portrays JPMorgan Chase as a resilient leader in the financial industry, navigating complex global dynamics while staying true to its core principles. It emphasizes the company’s dedication to creating value for stakeholders and society at large.

Below is a link to Jamie Dimon’s annual letter to shareholders:

https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/ceo-letter-to-shareholders-2023.pdf