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JPMORGAN CHASE & CO.

(JPM)
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Beijing tells western papers to stop running JP Morgan joke story on front page

11/26/2021 | 01:21am EST

BEIJING authorities have asked global media not to overhype JP Morgan chief Jamie Dimon's quip about the Wall Street giant outliving the Chinese Communist Party.

China's foreign ministry spokesman Zhao Lijian said yesterday he had "noted the reports" quoting Dimon's jibes at the organisation which has ruled the Communist state for decades.

Lijian said he had also noted "how the individual involved has sincerely reflected," referring to Dimon climbing down from the comments.

"I think this is the right attitude. I hope the media involved will stop hyping up this issue," he added. It was the first time China had acknowledged the comments.

Dimon, 65, noted at a lunch for business leaders this week that both JP Morgan and the Chinese Communist Party were celebrating their one hundredth birthdays.

"I'd make a bet we last longer," he said.

"I can't say that in China. They probably are listening anyway," he added.

Although Chinese officials have not confirmed whether they were listening to the Wall Street titan's comments, the CEO's "regret" at his gag appears to have smoothed relations for the bank.

(c) 2021 City A.M., source Newspaper

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Financials (USD)
Sales 2021 123 B - -
Net income 2021 45 318 M - -
Net Debt 2021 - - -
P/E ratio 2021 10,5x
Yield 2021 2,41%
Capitalization 465 B 465 B -
Capi. / Sales 2021 3,79x
Capi. / Sales 2022 3,77x
Nbr of Employees 271 025
Free-Float 71,5%
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JPMorgan Chase & Co. Technical Analysis Chart | JPM | US46625H1005 | MarketScreener
Technical analysis trends JPMORGAN CHASE & CO.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 157,89 $
Average target price 174,71 $
Spread / Average Target 10,7%
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Managers and Directors
James Dimon Director
Daniel E. Pinto President & Chief Operating Officer
Jeremy Barnum Chief Financial Officer
Lori A. Beer Global Chief Information Officer
Rohan Amin Chief Information Security Officer