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Fortune

Diane Brady

As banks post blowout results, CEOs reckon with America’s inequality gap

America Robin Vince Fortune BNY

(Credit: PATRICK T. FALLON/AFP via Getty Images)

In today’s CEO Daily: CEOs do some soul-searching.
The big leadership story: The factors behind IBM’s stock nosedive.
The markets: Mostly down amid a chipmaker selloff.
Plus: All the news and watercooler chat from Fortune .

Good morning. Bankers understand money and the consequences for those who don’t have enough of it. The top 0.1% of U.S. households now account for almost six times as much of the country’s wealth as the bottom half, according to Federal Reserve data. Jamie Dimon of JPMorgan Chase sees it, telling a reporter that anti-rich sentiment is surging because “we have, in fact, left the lower-income folks behind.” (JPMorgan just reported its best-ever quarter, as did Goldman Sachs and many others.)

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