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JPMorgan Chase & Co.'s CEO says economic vigor, lower taxes, technology-driven innovation, healthy competition, deregulation and rising interest rates are melding together to create a uniquely prosperous era for banks.
"You have a golden age of banking," Jamie Dimon, chairman and CEO of the largest U.S. bank by assets, said June 1 at a conference hosted by Sanford C. Bernstein.
JPMorgan posted first-quarter net income of $8.7 billion, a record for the company, on revenue of more than $28.5 billion. The U.S. banking industry, from community lenders on up to JPMorgan and its megabank peers, also notched a record profit in first quarter on lower...