JPMorgan Chase & Co. (JPM:US) Chief Executive Officer and Chairman Jamie Dimon said the firm’s balance sheet is built to withstand unexpected incidents after the company last week announced a $2 billion trading loss.
“We maintain a fortress balance sheet to manage surprises and setbacks like this,” Dimon told shareholders today at their annual meeting in Tampa, Florida. “I’m confident when we’re done here we’ll be a stronger company.”
To contact the reporter on this story: Dawn Kopecki in New York at firstname.lastname@example.org
To contact the editor responsible for this story: David Scheer at email@example.com