But there's one thing the Wall Street veteran does know: The qualities he wants to see in his successor, and he doesn't need that individual to be the "smartest" person across the board. What he is looking for is the ability to rally and shape a workforce of more than 300,000 people, leading them through times of both economic prosperity and downturns.
We reported another quarter of strong results, generating net income of $15.0 billion or net income of $14.2 billion excluding a significant item. Each of the lines of business performed well.
The JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) has become a top choice for many investors. It is a covered call ETF that offers an attractive yield over 10%, much higher than the S&P 500's 1.5%. The ETF invests in low-volatility stocks and manages to pay a higher yield through the options call. It outperforms the traditional equity income approach and has a low expense ratio of 0.35%.
"Build trust before going public." - This advice emphasizes the importance of establishing a foundation of confidence among potential union members before making their intentions known.
The administration's recent dialing down of some of the more draconian tariffs placed on China should reduce the risk that the US economy slips into recession this year.