JPMorgan Chase CEO Jamie Dimon says he does not expect the company's stock dividend to be jeopardized by the bank's $2 billion trading loss.
At the JPMorgan annual meeting in Tampa, Dimon said Tuesday that the company is strong and profitable. He says he won't "make light of a $2 billion problem," but says the company has a "fortress balance sheet."
JPMorgan pays a quarterly dividend of 30 cents per share.
He says the board makes decisions about dividend changes but adds: "We don't see any reason that it would be needed."