JPMorgan CEO Jamie Dimon Says the Stock Market’s Brutal 4th Quarter ‘Might Be a Harbinger of Things to Come’

By Andrew Bary

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.

In a wide-ranging letter running nearly 50 pages, Dimon defended capitalism as the “most successful economic system the world has ever seen.” At a time when socialism is finding adherents on the Democratic left in the U.S., Dimon took aim at it, writing...

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