JPMorgan’s Dimon Says Investment Portfolio ‘Very Conservative’
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JPMorgan Chase & Co., the largest U.S. bank by assets, is “very conservative” in investing the firm’s excess cash, said Chief Executive Officer Jamie Dimon.
“We create deposits around the world, and we’re very conservative,” Dimon said today in a conference call with reporters after the New York-based firm reported first-quarter earnings. “The portfolio does change over time as we change our views.”