JPMorganChase Letter to Shareholders

Jamie Dimon, Chairman and Chief Executive Officer | April 2026

“Dear Fellow Shareholders, In 2026, America is celebrating its 250th anniversary. Also, this year we are celebrating the 227th anniversary of JPMorgan Chase, which was founded in April 1799. This is the perfect time to rededicate ourselves to the values that made this great nation of ours — freedom, liberty, and opportunity — and to recognize that we all stand on our country’s shoulders.

The challenges we all face are significant. The list is long but at the top are the terrible ongoing war and violence in Ukraine, the current war in Iran and the broader hostilities in the Middle East, terrorist activity and growing geopolitical tensions, importantly with China. Our hearts go out to those whose lives are profoundly affected by these crises. We sincerely hope these global conflicts are properly resolved and that one day all of Europe and the Middle East will attain long-term stability and prosperity. Even in troubled times, we have confidence that America will do what it has always done — look to the values that have defined our singular nation and sustained our leadership of the free world…”

The letter contains a lot of information and perspective on the company and the United States, where it is headquartered, of course, but it also highlights (in Chapters III and IV) values and virtues, and hereto-related issues, challenges, driving factors, and (increasingly complex and large) risks. It is a noteworthy letter because of its overview and reflective stance. It gives insights into financial and economic trends and developments.

Download Letter Jamie Dimon