Jamie Dimon, CEO of JP Morgan Chase, will appear on CNBC's Squawk Box on January 22nd, 2020 at the 2020 World Economic Forum in Davos, Switzerland.
Adam Galica | CNBC
JPMorgan Chase CEO Jamie Dimon said Wednesday that "justice has been done" after a jury found former Minneapolis police officer Derek Chauvin guilty of the murder of George Floyd.
"Justice has been served, it is the beginning of a long road to resolving some of these issues," said Dimon at the start of a JPMorgan client event with Asset Manager Kristin Lemkau.
"We haven't resolved this racial inequality problem in hundreds of years, and in fact it has been going backwards in a few decades," Dimon said. "We can recognize, in my view, that America is a shining light on a hill, it is an incredible country," but that there are shortcomings that need to be addressed, he said.
Dimon pointed to JPMorgan's $ 30 billion pledge to help bridge America's racial wealth gap, including $ 8 billion mortgages to black and Latin American households. The company's wealth management division recently announced that it would be hiring 300 more Black or Latino consultants over the next five years.
Earlier this month, Dimon said a US economic boom fueled by deficit spending and effective vaccines "could easily run into 2023" and that the strong economy may warrant increased valuations in stock markets.
Last week, JPMorgan exceeded expectations for a first quarter profit on strong trading results and the release of $ 5.2 billion previously earmarked for credit losses.
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