JPMorgan's Dimon would welcome change in quarterly earnings rules (JPM:NYSE)

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Jamie Dimon, executive director of JPMorgan Chase & Co, said he would welcome the proposed changes that would soften the US Stock Exchange and Securities Commission’s requirements for quarterly performance reports. “The biggest problem was not just quarterly reporting,” Dimon said this Tuesday in an interview on Bloomberg TV. “It was making forecasts, which put executive directors between the sword and the wall. They have to meet these requireme…

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The CEO of America's largest bank considers that he would still update investors quarterly, even if it were no longer mandatory, albeit with "much less information."