JPMorgan’s Dimon says he welcomes easing of quarterly earnings requirement

JPMorgan Chase chief executive Jamie Dimon says he would welcome proposed changes to ease the SEC’s quarterly earnings report requirements. “The bigger problem wasn’t just reporting quarterly. It was forecasting, where CEOs get their back up against a wall. They have to meet these things – earnings – and then they start doing dumb stuff to meet earnings, and that kind of public pressure,” Mr. Dimon said in a Bloomberg interview. President Donald Trump last month renewed a call, which he first made in 2018, that U.S. companies should be allowed to report earnings every six months instead of on a quarterly basis.