Jamie Dimon

Definition of 'Jamie Dimon'


The chairman, CEO and former president of JPMorgan Chase & Co. He joined Chase as its president in 2004, when Chase acquire Bank One, the U.S.'s sixth-largest bank. He became the company's CEO in December, 2005. In 2007, Dimon was elected to a three-year term as a class A director of the Federal Reserve Bank of New York. He has also been a director of Yum! Brands and the Chicago Clearing House Association.

Investopedia explains 'Jamie Dimon'


Born in 1956 in New York City, Dimon earned his MBA from Harvard Business School in 1982. He began his career in 1978 as an intern for Goldman Sachs. He worked for numerous financial companies, including American Express, Commercial Credit Group, Primerica, Smith Barney (COO then chairman and CEO), Citigroup (president) and Bank One (chairman and CEO).



comments powered by Disqus
Hot Definitions
  1. National Best Bid and Offer - NBBO

    A term applying to the SEC requirement that brokers must guarantee customers the best available ask price when they buy securities and the best available bid price when they sell securities.
  2. Maintenance Margin

    The minimum amount of equity that must be maintained in a margin account. In the context of the NYSE and FINRA, after an investor has bought securities on margin, the minimum required level of margin is 25% of the total market value of the securities in the margin account.
  3. Leased Bank Guarantee

    A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.
  4. Degree Of Financial Leverage - DFL

    A ratio that measures the sensitivity of a company’s earnings per share (EPS) to fluctuations in its operating income, as a result of changes in its capital structure. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in earnings before interest and taxes (EBIT).
  5. Jeff Bezos

    Self-made billionaire Jeff Bezos is famous for founding online retail giant Amazon.com.
  6. Re-fracking

    Re-fracking is the practice of returning to older wells that had been fracked in the recent past to capitalize on newer, more effective extraction technology. Re-fracking can be effective on especially tight oil deposits – where the shale products low yields – to extend their productivity.
Trading Center