November 22, 2024 3:30 am
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Jamie Dimon says fixing mortgage industry would boost lending by $300 billion a year

Jamie Dimon /Getty Images

By Andrea Riquier | MarketWatch

J.P. Morgan Chase JPM, -1.17% reported earnings and revenue that beat expectations, with trading and investment banking revenues contributing the most during the quarter.

But the company’s CEO used his annual letter to push for a different business line, one which has fizzled in recent years.

“It is no surprise the financial crisis, which was caused in part by poor mortgage lending practices and which caused so much pain for American families and businesses, led to new regulations and enhanced supervision,” Jamie Dimon wrote.

Continued:

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