Shares of the world’s most important bank have plummeted

24.11.2021

The share price of the American bank JPMorgan Chase, recognized as the most important in the world, falls before the start of trading on November 24. The stock exchange fell about 0.5 percent to $167.51 after it was $168.28 at the close on November 23.

On the eve, the head of the bank, Dimon, joked that his organization was going to survive communism in China. Dimon’s remark was due to the fact that this year the 100th anniversary of the Chinese Communist Party (CCP) and JPMorgan Chase’s work in the country is simultaneously celebrating.

“I bet we will last longer,” the banker said, adding that he could not have said something similar in China, where the bank has branches in the largest cities – Beijing, Guangzhou, Shenzhen, Shanghai. Dimon said that he is still interested in doing business in China and expanding his presence in the country.