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JPMorgan CEO Jamie Dimon says he's still 5 years from retirement — 2 years after saying the same thing

Business Insider logo Business Insider 1/14/2020 Bryan Pietsch
James Dimon wearing a suit and tie © REUTERS/Benoit Tessier
  • Jamie Dimon, the CEO of JPMorgan Chase, said on Tuesday that he's still five years away from retiring
  • Two years ago, Dimon said the same thing - that he would retire in five years
  • When asked about his future plans on Tuesday, Dimon said his "statement stays the same, it's five years."
  • The response came during a media call the same day the firm released its fourth-quarter earnings, which beat analysts' revenue and profit expectations

In 2018, JPMorgan Chase CEO Jamie Dimon said that he would retire in five years. Now, two years later, that number hasn't changed.

"My statement stays the same, it's five years," Dimon said in a media call on Tuesday when asked about his future plans by CNBC.

For Dimon, five years until retirement has been his default answer for a while - and the chief executive acknowledged the response is a bit tongue-in-cheek.

"When and if we ever set an actual retirement date, we'll let you know," Dimon said. In a 2018 press release, he said he would "continue in my current role for approximately five more years."

The comments came the same day JPMorgan Chase posted its fourth-quarter earnings, which surpassed analyst expectations and saw record revenue and net income. It wound up being the firm's most profitable year on record.

Dimon, 63, got a raise last year, earning a $31 million salary - a reward for the firm's "strong performance" the year prior.

Ultimately, JPMorgan Chase's board has the final decision on Dimon's retirement date, a spokeswoman for the bank told CNBC.


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