| Earlier this week, JPMorganChase published its 2024 Annual Report, including Jamie Dimon’s annual shareholder letter. The Annual Report also includes letters from each of our CEOs, our Chief Operating Officer and our Global Head of Corporate Responsibility, who reflect on the power of our performance, our progress and our people. In his letter, Jamie shares that across the globe, 2024 was another year of significant challenges: From conflicts and a terrible war to ongoing terrorist activity and growing geopolitical tensions, it was a time of profound uncertainty and turmoil. Jamie asserts that JPMorganChase — a company that historically has worked across borders and boundaries — will do its part to ensure that the global economy is safe and secure, but it is not immune to the effects of these events. As Jamie says in his letter: “We are champions of banking’s essential role in a community – its potential for bringing people together, for enabling companies and individuals to attain their goals, and for being a source of strength in difficult times. The work we do matters and has impact.” Jamie emphasizes two pieces that are foundational to JPMorganChase’s long-term success: - Whether we run a great company
- Whether the long-term health of America, domestically, and the future of the free and democratic world are strong
Among the topics Jamie examines are five things to secure America’s — and its companies’ — futures and offers critical policies he believes are essential to making our economy strong. These include macro-level efforts such as the need for consistent and responsible tax and fiscal policies; educational and healthcare reform; and improved and more effective regulations. But he also recommends policies that improve well-being at the community-level, stating that we should establish policies that bolster small businesses and enhance the supply of affordable housing, among others.
In his letter, Jamie also explores how JPMorganChase is dealing with specific issues unique to our company and how we are addressing them. These include his thoughts on the economy, inflation, interest rates, asset prices, trade wars, among other salient topics. Finally, Jamie shares his management learnings: “However you view the world – its complexity, risks and opportunities – a company’s prosperity requires a great team of people with guts, brains, integrity, enormous capabilities and high standards of professional excellence to ensure its ongoing success.”
Each year, through our annual letters, we hope our readers gain a deeper understanding of what it takes to be an “endgame winner” in a rapidly changing world. United by our principles and purpose, JPMorganChase continues to help people and institutions finance and achieve their aspirations, lifting up individuals, clients, and communities in all regions of the world. We invite you to explore our Annual Report and CEO letters in full, all of which provide specific details about our businesses and our plans for the future.
“I remain proud of our company’s resiliency and of what our hundreds of thousands of employees around the world have achieved, collectively and individually. Throughout these recent challenging years, we have never stopped doing all the things we should be doing to serve our clients and our communities.” — Jamie Dimon Thank you for your interest in JPMorganChase. |
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