JPMorgan CEO Jamie Dimon breaks silence on Trump win and issues message about cabinet role

Jamie Dimon, CEO of JPMorgan Chase, today broke his silence on Donald Trump’s victory in the US presidential election.

Dimon, together with other top bank executives, has a memo to staff Congratulating Trump on defeating Kamala Harris.

This is despite the fact that Dimon – worth about $2.4 billion – privately supported Harris ahead of Tuesday’s vote. He had expressed concern about Trump’s denial of the 2020 election results.

It also emerged on Wednesday that Dimon will not accept any offer to join Trump’s administration – amid rumors that he wanted to take on a role in the White House.

Instead of, a banking source told Reuters that he will remain at JPMorgan Chase, where he was CEO for 19 years.

Dimon had recently been the subject of speculation from both Republicans and Democrats as a potential candidate for Treasury Secretary.

In JPMorgan Chase’s statement Wednesday, bank executives referenced a message from Dimon as the polls closed Tuesday evening.

“As Jamie said yesterday, we must now “begin bringing our nation together and focusing on the pressing economic and global issues before us,” the memo said.

“Our firm has a long history of working across the political spectrum and looks forward to engaging the new administration and elected officials in both parties.”

Dimon called this year’s presidential election “one of the most closely fought and at times divisive elections in our recent history” in his statement to the Wall Street Journal yesterday.

“Soon it will be time for all of us to rally behind our elected president and all our national leaders,” Dimon said.

“We must start by bringing our nation together and focusing on the pressing economic and global issues before us.”

Dimon privately supported Harris during the presidential election despite praising some of Trump’s policies, according to an investigation conducted by the New York Times.

The businessman reportedly did not publicly support Harris due to his fear of retaliation from Trump.

“With Jamie, it’s interesting because he’s positioning himself as an important leader who transcends his own business needs,” Robert Reich, a former secretary of labor in the Clinton administration, told the New York Times.

“If he really cared about the nation and all the values ​​he says he cares about, he would not only not support Trump — he would loudly and angrily and with all his might ensure that Trump is not in the problems came. another crack in the White House.”

Dimon, a registered Democrat, issued a statement early last month denying his support for Trump.

‘Right now I don’t support anyone. I spend more time on policy,” Dimon said through a spokesperson at the time.

“What policies do we need that can really help the world, foreign policy and domestically?”

Dimon publicly denied supporting Trump earlier this month

Dimon explained that his chances of joining Trump’s Cabinet were “almost zero.”

The CEO of JPMorgan Chase was the subject of speculation for weeks as a candidate for Treasury Secretary by Republicans and Democrats.

Dimon last month discussed with a Wells Fargo stock analyst the near-zero chance of taking on a senior role in the U.S. government.

“I think the chance of that is almost nil, and I probably won’t do it,” Dimon said.

“I tend to do what I do — I almost guarantee I’ll do this — for a long period of time, or at least until the board kicks me out.”

The JPMorgan Chase team also congratulated newly elected Vice President JD Vance and U.S. representatives elected to serve in Congress and in state and local offices.

“JPMorganChase strives to be a place where people of different backgrounds and beliefs can come together with a common sense of purpose and mission,” the memo said.

“We are hopeful for the future and the role we will play in tackling some of the most pressing challenges facing Americans and our country together.”