Latest news with #MorganStanleyUSFinancialsConference
Yahoo
11-06-2025
- Business
- Yahoo
Jamie Dimon calls out bland letters from CEOs — and reveals the 2 he always reads
Jamie Dimon tore into bland CEO letters and onerous regulations at a conference on Tuesday. The JPMorgan CEO said he reads Warren Buffett, Andy Jassy, and Jeff Bezos' letters but skips others. Dimon called out bloated annual reports and worthless banking rules, and warned about tariffs. Jamie Dimon took aim at insipid CEO letters, criticized nonsense regulations, and struck a wary tone on the economy at the Morgan Stanley US Financials Conference on Tuesday. The JPMorgan boss said that "some CEOs, they're pretty good; others are just constant corporate pablum, so I don't read them," according to an AlphaSense transcript of his comments. "I always read Buffett's, Andy Jassy's, and Jeff Bezos," Dimon said, referring to Berkshire Hathaway CEO Warren Buffett and the current and former CEOs of Amazon. During the event, the billionaire banker invoked Bezos' quote that "your margin is my opportunity" to underscore JPMorgan's competitiveness. He also channeled Buffett's love of bargains and willingness to wait for the right opportunity. "I like buying stocks when they're cheap," Dimon said about JPMorgan's buyback strategy. "Basically we're going to be patient," he said about the bank's excess capital, describing it as "just earnings in store and cash waiting to be deployed." That echoes Buffett's view of Berkshire's huge cash hoard as dry powder for future deals. The head of America's biggest bank also spoke colorfully about annual reports, financial regulations, and company culture. On the subject of 10-Ks, he said that "no one reads them anymore because they're so full of crap." In regard to banking regulations, Dimon said "you probably throw the whole goddamn thing out since it doesn't work — 80,000 pages of shit." He added that some regulatory calculations are "through the looking glass" and someone who took time to think about them would say, "What the hell is that?" Dimon also emphasized the value of open communication in the workplace, saying it "gets rid of politics and BS" when meetings aren't just "run for the boss." The Wall Street heavyweight issued a cautious economic outlook, saying he expected employment to fall and inflation to rise a "little bit" as the Trump administration's import taxes and immigration crackdown take effect. "The tariffs are just hitting," Dimon said. "It may just make the soft landing a little bit softer" without making "the ship go down." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Jamie Dimon calls out bland letters from CEOs — and reveals the 2 he always reads
Jamie Dimon tore into bland CEO letters and onerous regulations at a conference on Tuesday. The JPMorgan CEO said he reads Warren Buffett, Andy Jassy, and Jeff Bezos' letters but skips others. Dimon called out bloated annual reports and worthless banking rules, and warned about tariffs. Jamie Dimon took aim at insipid CEO letters, criticized nonsense regulations, and struck a wary tone on the economy at the Morgan Stanley US Financials Conference on Tuesday. The JPMorgan boss said that "some CEOs, they're pretty good; others are just constant corporate pablum, so I don't read them," according to an AlphaSense transcript of his comments. "I always read Buffett's, Andy Jassy's, and Jeff Bezos," Dimon said, referring to Berkshire Hathaway CEO Warren Buffett and the current and former CEOs of Amazon. During the event, the billionaire banker invoked Bezos' quote that "your margin is my opportunity" to underscore JPMorgan's competitiveness. He also channeled Buffett's love of bargains and willingness to wait for the right opportunity. "I like buying stocks when they're cheap," Dimon said about JPMorgan's buyback strategy. "Basically we're going to be patient," he said about the bank's excess capital, describing it as "just earnings in store and cash waiting to be deployed." That echoes Buffett's view of Berkshire's huge cash hoard as dry powder for future deals. The head of America's biggest bank also spoke colorfully about annual reports, financial regulations, and company culture. On the subject of 10-Ks, he said that "no one reads them anymore because they're so full of crap." In regard to banking regulations, Dimon said "you probably throw the whole goddamn thing out since it doesn't work — 80,000 pages of shit." He added that some regulatory calculations are "through the looking glass" and someone who took time to think about them would say, "What the hell is that?" Dimon also emphasized the value of open communication in the workplace, saying it "gets rid of politics and BS" when meetings aren't just "run for the boss." The Wall Street heavyweight issued a cautious economic outlook, saying he expected employment to fall and inflation to rise a "little bit" as the Trump administration's import taxes and immigration crackdown take effect. "The tariffs are just hitting," Dimon said. "It may just make the soft landing a little bit softer" without making "the ship go down." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
11-06-2025
- Business
- Business Insider
Jamie Dimon calls out bland letters from CEOs — and reveals the 2 he always reads
Jamie Dimon took aim at insipid CEO letters, criticized nonsense regulations, and struck a wary tone on the economy at the Morgan Stanley US Financials Conference on Tuesday. The JPMorgan boss said that "some CEOs, they're pretty good; others are just constant corporate pablum, so I don't read them," according to an AlphaSense transcript of his comments. "I always read Buffett's, Andy Jassy's, and Jeff Bezos," Dimon said, referring to Berkshire Hathaway CEO Warren Buffett and the current and former CEOs of Amazon. During the event, the billionaire banker invoked Bezos' quote that " your margin is my opportunity" to underscore JPMorgan's competitiveness. He also channeled Buffett's love of bargains and willingness to wait for the right opportunity. "I like buying stocks when they're cheap," Dimon said about JPMorgan's buyback strategy. "Basically we're going to be patient," he said about the bank's excess capital, describing it as "just earnings in store and cash waiting to be deployed." That echoes Buffett's view of Berkshire's huge cash hoard as dry powder for future deals. The head of America's biggest bank also spoke colorfully about annual reports, financial regulations, and company culture. On the subject of 10-Ks, he said that "no one reads them anymore because they're so full of crap." In regard to banking regulations, Dimon said "you probably throw the whole goddamn thing out since it doesn't work — 80,000 pages of shit." He added that some regulatory calculations are "through the looking glass" and someone who took time to think about them would say, "What the hell is that?" Dimon also emphasized the value of open communication in the workplace, saying it "gets rid of politics and BS" when meetings aren't just "run for the boss." The Wall Street heavyweight issued a cautious economic outlook, saying he expected employment to fall and inflation to rise a "little bit" as the Trump administration's import taxes and immigration crackdown take effect. "The tariffs are just hitting," Dimon said. "It may just make the soft landing a little bit softer" without making " the ship go down."
Malaysian Reserve
06-06-2025
- Business
- Malaysian Reserve
Jack Henry CFO Mimi Carsley to Participate in Morgan Stanley Conference
MONETT, Mo., June 6, 2025 /PRNewswire/ — Jack Henry & Associates, Inc.® (Nasdaq: JKHY) announced today that it will be participating in the upcoming conference: Mimi Carsley, CFO & Treasurer, will present at the Morgan Stanley US Financials Conference on June 11. The presentation takes place at 1 p.m. ET. A live webcast of the presentation will be accessible on the Morgan Stanley website. A replay will be available on following the live presentation. About Jack Henry & Associates, Inc.®Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For nearly 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at Statements made in this news release that are not historical facts are 'forward-looking statements.' Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company's Securities and Exchange Commission filings, including the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading 'Risk Factors.' Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.
Yahoo
06-06-2025
- Business
- Yahoo
Jack Henry CFO Mimi Carsley to Participate in Morgan Stanley Conference
MONETT, Mo., June 6, 2025 /PRNewswire/ -- Jack Henry & Associates, Inc.® (Nasdaq: JKHY) announced today that it will be participating in the upcoming conference: Mimi Carsley, CFO & Treasurer, will present at the Morgan Stanley US Financials Conference on June 11. The presentation takes place at 1 p.m. ET. A live webcast of the presentation will be accessible on the Morgan Stanley website. A replay will be available on following the live presentation. About Jack Henry & Associates, Inc.®Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For nearly 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at Statements made in this news release that are not historical facts are "forward-looking statements." Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company's Securities and Exchange Commission filings, including the Company's most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise. View original content to download multimedia: SOURCE Jack Henry & Associates, Inc. Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
