JPMorgan Shareholders Reject Splitting CEO Dimon’s Dual Roles

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon won more investor support this year than in 2012 to remain chairman, weathering a push to divide the roles after the largest U.S. bank suffered a record trading loss.

The proposal to split the duties drew 32 percent of votes, down from 40 percent last year, the lender said yesterday at its annual meeting in Tampa, Florida. The result ends a threat that Dimon might quit and JPMorgan led gains in bank shares, rising 1.4 percent in New York to close at a six-year high.