JPMorgan CEO Jamie Dimon praised the tax law in the bank's annual letter. The bank earned a record $32.5 billion in 2018, with sales of $111.5 billion.
JPMorgan CEO Jamie Dimon praised President Donald Trump's tax cuts in an annual investor letter.
The law gave a boost to earnings to the tune of $3.7 billion. And the bank posted record earnings"even without the impact of tax reform."JPMorgan CEO Jamie Dimon hailed President Donald Trump's tax cuts in the bank'sThe letter outlined the bank's record earnings performance"even without the impact of tax reform."
JPMorgan made a record profit in 2018, posting net income of $32.5 billion and an astonishing $111.5 billion in sales,"reflecting strong underlying performance across our businesses.""The new tax code establishes a business tax rate that will make the United States competitive around the world and frees US companies to bring back profits earned overseas," Dimon wrote in the letter.
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