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Despite the rumors about JPMorgan Chase CEO Jamie Dimon taking up in a senior government role, he says he will remain at the bank and has no intention of joining the Trump administration.
Though he downplayed interest last month, writing the possibility "almost nil," Dimon, 68, was speculated as a possible Treasury secretary candidate for both parties. Leading JPMorgan for almost 19 years, the executive has guided the bank through several economic changes; the board names four potential successors for his ultimate departure.
"The American people are making their decision, and soon it will be time for all of us to unite behind our President-elect and national leaders," Dimon said in addressing the contentious race ahead of the election.
Wednesday, after the news, JPMorgan Chase's shares jumped 8.3%. Moreover, YTD the stock has gained an impressive 41%, and more than 26% over the past six months.
