Can JPMorgan Chase sustain the historically high quarterly profits of 21.2 billion USD?
Replied byJamie Dimon
Chairman & CEO at JPMorgan Chase
Niche: Finance
Revenue: Approx. $15 Billion/month
Location: USA
Started: 1799
We are currently in an environment of high volumes and high asset prices that is almost as good as it gets for banking. While this environment can continue for a while, it will eventually end. We run the bank for the long term, focusing on client service and investing through thick and thin rather than chasing short-term profit peaks.
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