In the Margins
J.P. Morgan Chase & Co. said fourth-quarter profit rose about 10% to $5.43 billion, or $1.32 per share. For the year, J.P. Morgan earned $24.44 billion, exceeding 2014 record earnings of $21.76 billion. The firm said cost-cutting helped its fourth-quarter profit beat expectations, but Chairman and CEO James Dimon said the U.S. economy is likely to worsen after years of growth. Read the original story from The Wall Street Journal.
Most Read
Average compensation among mutual fund independent directors was higher in 2024, when compared to the year prior, an increase that was more than double what their ...
Comprehensive guidance on the oversight of sub-advisers that exists in the market has served mutual fund boards well for over 15 years. These frameworks remain foundational, ...
Independent directors who anticipate overseeing exchange-traded fund share classes are contemplating myriad issues related to what many industry participants believe will be a seismic shift in ...
Over the past several weeks, I have written articles exploring conflicts of interest that could challenge a variety of financial industry participants. Those articles explored potential ...