JPMorgan CEO Jamie Dimon praised President Donald Trump's tax cuts in an annual investor letter.
The law gave a boost to earnings to the tune of $3.7 billion. And the bank posted record earnings"even without the impact of tax reform."JPMorgan CEO Jamie Dimon hailed President Donald Trump's tax cuts in the bank'sThe letter outlined the bank's record earnings performance"even without the impact of tax reform."
JPMorgan made a record profit in 2018, posting net income of $32.5 billion and an astonishing $111.5 billion in sales,"reflecting strong underlying performance across our businesses.""The new tax code establishes a business tax rate that will make the United States competitive around the world and frees US companies to bring back profits earned overseas," Dimon wrote in the letter.
Source: Law Daily Report (lawdailyreport.net)
It's just another reason that every big company needs to be broken up! TaxScamResults
DwntwnDave I'm sure they need it more than I do
Oh damn. So that’s where my refund went.
I wonder if firms like this hide all of their money in a super secret vault... or meticulously reinvest in the economy.
FU bernie sanders. Yeah. You own this s**t too!
Well it's not like there are people struggling to get by or any thing. can you think of a more worthy recipient of corporate socialism?
And my tax return ran along the national average and dropped 8%. DUMPTHETRUMPSTUMP2020
No but these guys need their greed and power . What is it beyond that? They could never spend all their wealth.
At the cost of tax payers , 2 TRILLON DOLLAR MORE DEBT, this isn't good for Americans
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