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April 8, 2024
Letter to Shareholders from Jamie Dimon, Annual Report 2023
Summary
The 2023 annual letter from JPMorgan Chase's CEO, Jamie Dimon, reflects on a challenging year marked by geopolitical tensions, economic instability, and the firm's robust performance amidst adversity. Dimon discusses the broader implications of the war in Ukraine and the Middle East, emphasizing the need for America's leadership in fostering democracy and economic collaboration with Western allies. He underscores the importance of unity in protecting freedoms and the global order against authoritarian threats. Despite the volatile landscape, JPMorgan Chase recorded its sixth consecutive year of record revenue, highlighting its continued investment in technology, sustainability, and community engagement. Dimon advocates for responsible corporate governance, the modernization of public policy to address domestic and international challenges, and the pivotal role of America in maintaining global peace and economic stability. The letter calls for a revisitation of regulatory frameworks to ensure competitiveness and stresses the importance of addressing socio-economic disparities within the U.S. to reinforce the American dream.
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