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0 0.00045656888483057 -0.000114142221207521 0.000798995548453457 -0.00285355553019062 0.00171213331811444 0.00445154662709737 0.0229437278849447
Stock impact report

Jamie Dimon details JPMorgan's strength in annual letter, says US can emerge from crisis stronger [CNBC]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNBC
VIDEO1:1701:17JPMorgan Chase CEO Jamie Dimon discusses coronavirus response in annual letterSquawk Box"We have the resources to emerge from this crisis as a stronger country," Dimon said in the letter. "America is still the most prosperous nation the world has ever seen."JPMorgan, the biggest U.S. bank by assets, is prepared for the tumult caused by the coronavirus epidemic, he said.The bank's 2020 submission to the annual Federal Reserve stress tests indicate that even in an "extremely adverse scenario," JPMorgan can lend out an additional $150 billion for clients, Dimon said. The New York-based bank had $500 billion in total liquid assets and another $300 billion in borrowing ability from Fed sources, he added.Dimon added that while JPMorgan will "will participate in government programs to address the severe economic challenges, we will not request any regulatory relief for ourselves."He praised the Fed's actions to relieve strains in financial markets, saying that the central bank Show less Read more
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