Jamie Dimon, the CEO of JPMorgan Chase & Co., will sell one million shares in the company starting next year, according to a regulatory filing. Despite the sale, Dimon remains confident in the company's prospects and will retain a significant stake. Under Dimon's leadership, JPMorgan's value has tripled, with a market capitalization of over $409.1 billion. Dimon is known for his influential and candid voice on Wall Street.
JPMorgan Chase & Co. chairman and CEO Jamie Dimon testifies at a U.S. Senate Banking Committee annual Wall Street oversight hearing, Sept. 22, 2022, on Capitol Hill in Washington.
Dimon became CEO of JPMorgan in January 2006 and added on the chairman role a year later. The value of the bank, with US$3.2 trillion in assets, has tripled during Dimon's tenure, and it now has a market capitalization of more than US$409.1 billion, according to FactSet. Dimon has also come to be considered a powerful and frank voice on Wall Street. He issued a sobering statement about the current state of world affairs and economic instability.
A new report from Statistics Canada estimates how much parents will spend on children over the course of their lifetime.As the cost-of-living crisis persists, two-parent households are increasingly turning to food banks across Canada to feed their families, according to a new report.Canada's inflation rate edged down to 3.8 per cent last month as price pressures eased across the economy, setting the stage for the Bank of Canada to hold its key interest rate steady next week, economists say.
Ottawa opened its first-ever embassy in the distant Republic of Armenia on Wednesday, making history as Canada’s first in the South Caucasus region.Wu Zunyou, an epidemiologist who helped drive anti-COVID-19 measures in China that suspended access to cities and confined millions to their homes has died on Friday. He was 60.Ontario is planning to expand the list of drugs that midwives can prescribe and administer, including allowing them to prescribe birth control.
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