Jamie Dimon defended capitalism, lower corporate taxes and stock buybacks in his annual shareholder letter:
JPMorgan Chase CEO Jamie Dimon defended capitalism, lower corporate taxes, and stock buybacks while highlighting the bank’s strength’s including its “fortress balance sheet” in his annual letter to shareholders released on Thursday.
The volatile fourth quarter of 2018 was also addressed in the letter, with Dimon saying that it “might be a harbinger of things to come—creating both risks for our company and opportunities to serve our clients.” The Dimon letter, like the one from Berkshire CEO Warren Buffett, is eagerly awaited because of Dimon’s stature as the country’s leading banker, his often outspoken views, and the breadth of the topics that he addresses
Dimon reiterated his view that the cut in the U.S. corporate tax rate to 21% from 35% was a beneficial development for business and the country.
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