Jamie Dimon likes to talk about JPMorgan Chase's fortress balance sheet. What's a little more shaky is the bank's income statement.
Next Tuesday, at its annual meeting in Tampa, JPMorgan (JPM) will reveal the results of a shareholder vote on whether the bank should split the role of CEO and chairman. Right now, Dimon holds both. Many shareholders think he should give up the chairmanship. The push for the move has gained momentum in the wake of last year's $6 billion trading loss and a litany of other run-ins with regulators in the past 12 months. The vote is expected to be close.
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