JPMorgan profit jumps 35%, but CEO says geopolitics and gov't inaction have led to 'dangerous time'
Posted on AllSides October 13th, 2023
From The Center
ASSOCIATED PRESS
JPMorgan Chase's third-quarter profit soared 35% from last year, fueled by a rapid rise in interest rates, but the bank's CEO, Jamie Dimon, issued a sobering statement about the current state of world affairs and economic instability.
“This may be the most dangerous time the world has seen in decades,” Dimon wrote in the bank's earnings statement.
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