MBAs At JPMorgan Chase See Positive First Quarter, Look Toward The Future
April 16, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
Many MBAs who have jobs on Wall Street have been on the edge of their seats as the market slowly begins to pick up after the financial crisis of 2008. Because of this fear, many MBAs who work in the financial business jump at the first sign that things are moving in a positive direction.
JPMorgan Chase announced its first quarter profits were $3.3 billion, much greater than analysts had anticipated, according to The New York Times. Jamie Dimon, the bank's chief executive, took these figures as a positive sign that the economy was stabilizing after two and a half years of financial uncertainty.
"There is clear and broad-based improvement in the economic factors in the United States and around the world," Dimon told the news provider. "This could be the makings of a good recovery."
JPMorgan executives told the news provider that the company's first quarter rose 55 percent from the same time last year. Additionally, the bank set aside less money to cover future losses, which is an indication that it is more confident with the future economy.
If you're interested in pursuing a financial career, an MBA may be a way for you to gain the experience you need to thrive in the field.
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