JPMorgan Chase's CEO emphasized his concerns about geopolitical conflict and brought up recent culture shifts at the bank in his annual letter to shareholders.

On tariffs, too, Dimon avoids saying anything too incendiary. He can ill-afford to avoid the topic entirely given JPMorgan’s shares have fallen roughly a quarter since mid-February. And he does concede that they could cause inflation,

While once an advocate of DEI programs, JPMorgan CEO Jamie Dimon has altered his language on diversity in this year's annual letter to shareholders.

In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, wrote that a trade fight could dampen consumer and investor confidence and increase inflation.

Newly implemented tariffs will stoke inflation and slow growth, JPMorgan Chase CEO Jamie Dimon wrote in his annual letter to shareholders ― calling on the uncertainty that’s roiling global markets to end sooner rather than later.

America First is fine,” Dimon said, but higher chances of a recession in the wake of Trump’s tariffs have made him “very cautious.”