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WINNING: JP Morgan to spend $20B over 5 years to raise wages, add jobs

gjbankos

Well-Known Member
Jan 16, 2006
59,362
38,375
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Why? The Trump tax plan that not a single demon voted for because they said it only benefitted the 1%.

Oh, and Verizon is giving it's workers about $2500 of stock.

If only Obama had 1 more year...

J.P. Morgan Chase announced plans to spend $20 billion over five years to raise hourly pay for a portion of its workforce, add jobs and open 400 branches in new U.S. locations.

The bank says tax breaks, reduced regulation and an improved business climate have made it possible to make these changes, which also include adding 4,000 jobs and increasing its charitable giving.

Earlier this month, the bank reported fourth-quarter profit that beat expectations despite a $2.4 billion charge related to the tax cuts and a difficult trading environment for its investment bank.


"Having a healthy, strong company allows us to make these long-term, sustainable investments," said J.P. Morgan CEO Jamie Dimon in a statement Tuesday. "We are excited about further investing in our outstanding workforce and expanding into new U.S. markets."

https://www.cnbc.com/2018/01/23/j-p...ter-tax-cuts-on-jobs-branches.html?yptr=yahoo
 
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