Get Quote: JPM
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J.P. Morgan CEO Jamie Dimon doesn't let a little thing like Dodd-Frank get in his way. Dimon called his firm's 2011 performance "mildly disappointing" after it struggled to find ways to make up for lost revenue from new bank regulations and revenues fell sharply in its investment banking unit. But about six weeks after that year-end report, Dimon closed out a shareholder meeting on a decidedly optimistic note: "I'll be damned if we don't have record profits at least for a while now." So far, it seems to be playing out just as he predicted. Profits weren't at record levels earlier this year, but they were much higher than analysts predicted. And revenues grew by 24% in the first quarter, thanks to increased activity in retail banking, home refinance loans, and overall customer deposits. |
Industry: Commercial Banks
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Headquarters
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| Rank # of Fortune 500 Companies | |
|---|---|
| California | 53 |
| Texas | 52 |
| New York | 50 |
| Company | Rank |
|---|---|
| 73 | |
| NetApp | 474 |
| NuStar Energy | 377 |
