Breakingviews

Jamie Dimon, 10 years on, is hard bank CEO to beat

December 30, 2015

Looking back on a decade running JPMorgan, the boss has had missteps like the London Whale, big legal fines and clashes with regulators. Yet Dimon has fashioned a bank with leading market share, top-tier returns and a head start in fintech. It’s well placed for the next 10 years.

More Wall Street CEO cash is hint for shareholders

January 23, 2015

JPMorgan is paying a portion of Jamie Dimon’s bonus in hard money for the first time since 2011. Goldman is boosting Lloyd Blankfein’s cash. Meanwhile, stock gains are slowing. Bank bosses still get most of their comp in shares. But the switch may suggest equity has less to offer.

Jamie Dimon returns to challenges old and new

October 14, 2014

JPMorgan’s boss is back after cancer treatment. But results missed estimates thanks to legal and other costs. The investment bank is punching below its weight. Cybersecurity is a growing worry. Even the timing of the bank’s earnings release was off. Dimon has his work cut out.

JPMorgan’s clean sheet already looks off-white

April 11, 2014

For the first time in years, the U.S. mega-bank’s results weren’t cluttered with special items like whale-trade losses or legal costs. JPMorgan’s $5.3 bln in Q1 earnings fell short of expectations anyway. Boss Jamie Dimon will be hoping to make more of the fresh start.

Jamie Dimon hits final stage of grief: acceptance

April 10, 2014

In coping with the tragedy of the financial crisis, the JPMorgan chief has passed through four of the five Kübler-Ross model phases: denial, anger, bargaining and depression. His latest annual letter to shareholders finally shows a desire to accept what’s happened and move on.

Jamie Dimon puts brave face on tough quarter

October 13, 2011

Dimon did his best to accentuate the positive. With a return on equity of just 7 percent after allowing for accounting gains, however, it's no surprise shareholders were not reassured.

Jamie Dimon lets smaller rival grab his pulpit

April 5, 2012

The JPMorgan chief’s closely watched annual shareholder letter falls a bit flat this year. It rehashes old gripes and doesn’t lay much new ground. Step up Robert Wilmers, boss of regional bank M&T, whose take on the state of finance makes it the must-read missive of the season.

JPMorgan loss kicks succession race into high gear

May 21, 2012

Wall Street is buzzing about the possibility that the bank’s trading losses will cost CEO Jamie Dimon his job. While highly unlikely, the whale fail’s cleanup has put two potential successors clearly in the running - it’s not yet two ferrets in a sack, but the contest has begun.

JPMorgan hits Washington’s reset button

May 22, 2012

U.S. senators who oversee the banking sector slammed regulators on Tuesday for apparent lapses related to JPMorgan’s trading losses. Other Dodd-Frank tweaks that had been moving along are grinding to a halt. Glimmers of hope for clear bank rules look all but squashed for now.

JPMorgan’s board could use some new blood

May 25, 2012

It takes a lot for Citi and BofA to make JPMorgan look out of step. Jamie Dimon’s Paleolithic board does just that, though. Last week’s governance protest vote and the CIO losses highlight the need for new directors with relevant financial experience to keep the CEO on his toes.