Jamie Dimon backs Fed Chair Powell amid DOJ probe
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Dimon said the bank's expected $9 billion spending increase would help it stay competitive not only with other big banks, but also fintech companies.
JPMorgan Chase reported lower fourth-quarter profits Tuesday as CEO Jamie Dimon endorsed Federal Reserve independence and offered an upbeat reading on the US economy.
The nation’s largest bank earned $57 billion in 2025, but Jamie Dimon, its chief executive, said “the benefits of deregulation” would help in the future.
The U.S. economy is "resilient," JPMorgan Chase CEO Jamie Dimon said Tuesday, but investors should remain wary of a range of possible "hazards" ahead.