Jamie Dimon Would Welcome Change in Quarterly Earnings Requirement

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would welcome proposed changes that would ease US Securities and Exchange Commission requirements for quarterly earnings reports.

“The bigger problem wasn’t just reporting quarterly,” Dimon said Tuesday in an interview on Bloomberg TV. “It was forecasting, where CEOs get their back up against a wall. They have to meet these things — earnings — and then they start doing dumb stuff to meet earnings, and that kind of public pressure.”