Jamie Dimon, the CEO of JP Morgan Chase, is one of the most respected business leaders around the world. He has recently published a monster of a shareholder letter – 16,000 words covering everything from AI to interest rates. Quartr have done the hard work for us and in this Tweet thread they pull out 15 of their highlights.
From his position leading one of America’s largest banks, Dimon seems to think that the economy and the consumer is holding up okay. He believes that before the collapse of Silicon Valley Bank, America’s economy may have been heading for a soft landing. Even with the collapse of Silicon Valley Bank, he writes, we are not even close to a 2008-like crash.
He also writes about competition and the future of finance. For years, Apple has been slowly making their way into banking and financial services. Firstly with the Apple Credit Card, then with Apple Pay and more recently with an Apple Buy Now, Pay Later offering. Dimon writes about the growing competitiveness in the banking space and where he thinks JP Morgan Chase has an advantage.
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