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Benzinga
Benzinga
World
Michael Cohen

Here's How Much Jamie Dimon Says The Russia-Ukraine War Will Cost JPMorgan

In his annual letter to shareholders on Monday, JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon stated that the ongoing Russia-Ukraine war will lead to a significant financial loss for the bank.

What Happened: In the letter, Dimon told shareholders, “We are not worried about our direct exposure to Russia, though we could still lose about $1 billion over time.”

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