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0.000343202331568711 0.00025271168465988 8.71800134852279E-05 -0.00680997295212502 -0.0251288112287858 -0.0279980268624797 -0.0266737734930825 -0.0166668321983378
Stock impact report

UPDATE 3-JPMorgan CEO Dimon calls 'bad recession', mulls suspending 2020 dividend [Reuters]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
JPMorgan CEO Dimon calls 'bad recession', mulls suspending 2020 dividend (Reuters) - JPMorgan Chase & Co’s top boss, Jamie Dimon ( JPM.N ), on Monday said he sees a “bad recession” in 2020, and that the largest U.S. bank could suspend its dividend if the coronavirus crisis deepens. Dimon, widely regarded as the face of the U.S. banking sector, is the most prominent voice on Wall Street so far to project that the economic cost of the coronavirus will not evaporate quickly, and said the bank’s earnings will be down “meaningfully in 2020.” But, Dimon said, even in the worst case scenario, the bank is strong and will continue lending to customers and will not need any relief from the federal government. JPMorgan’s stock was up 5% to $84.05 in morning trading. JPMorgan could look at suspending dividends if gross domestic product were to fall by as much as 35% in the second quarter and the unemployment rate were to rise further to 14% in the fourth quarter of the year, the chief executive Show less Read more
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