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-0.000227221086116662 0.000447693031061793 0.000335207344865464 0.0012350928344369 0.00197074922216152 -0.00337682029961676 -0.00281439186863463 -0.00392800016197934
Stock impact report

Bankers Warn Of Challenges Ahead For Economy, Call For More Action [Forbes]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Forbes
Investment banker Richard Handler calls for bigger bazooka to help bridge cratering economy. (Photo... [+]by Spencer Platt/Getty Images)JPMorgan Chase CEO Jamie Dimon and Jefferies CEO Richard Handler, two of the top bankers in America, are optimists by nature. But there’s no sugar coating the catastrophic economic impact the coronavirus pandemic has wrought on the U.S. economy, and Dimon and Handler believe further action is needed.In his annual letter to shareholders, Dimon warned of a “bad recession” ahead for the U.S. and called for unity overcome what will be real hardship for many. “The world is confronting one of the greatest health threats of a generation, one that profoundly impacts the global economy and all of its citizens,” he added.Dimon applauded the Treasury Department and Federal Reserve’s various actions to ease the flow of credit and get emergency cash into the hands of businesses and citizens. Some $6 trillion in capital and loans has been dedicated to bridging the Show less Read more
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