JP Morgan's Jamie Dimon rules out serving in next US administration: "Almost nil."
JP Morgan CEO Jamie Dimon on Friday threw cold water on speculation that he might serve in the next US administration, insisting the chances of him quitting the Wall Street giant to work for Joe Biden’s successor is “almost nil.”Responding to a question on his long-rumored plans to swap Wall Street for Washington, DC, the Queens native said: “I have always been an American patriot and my country has been more important to me than my company.It is important that we get things right.”Nevertheless, Dimon quickly added that investors shouldn’t be bracing for him to head for the exit anytime soon.“I will almost guarantee that I will be doing this for a long period of time unless the board kicks me out,” Dimon told analysts on a Friday conference call after the Wall Street giant announced better-than-expected third quarter profits.Shortly after Dimon’s comments, the price of a share in JP Morgan rose by 3% to $220.20 in morning trading on the New York Stock Exchange.It could end months of speculation that the 68-year-old is set to step down from his megabucks role at 383 Madison Avenue to serve whoever ends up winning the race for America’s top job on Nov.
5.Former president Donald Trump told Bloomberg in July that he was considering Dimon for the position of Treasury Secretary.But Trump then walked those comments back just three weeks later, suggesting on Truth Social that the rumor had been made up by “the Radical Left.” Dimon also penned a politically-charged op-ed for the Washington Post, the newspaper of choice for the D.C.elite, on Aug.
2 in which he demanded that the next president “must restore our faith in America.”“This is precisely the time when strong American leadership is needed to unite us and strengthen the indispensable role our country plays for the safety of the world,” he wrote in the left-leaning outlet.But the veteran banker, who has served nearly two decades as JP Morgan’s CEO, stopped short of endorsing either Tr...