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JPMorgan Chase CEO Jamie Dimon, in his annual letter to investors, expressed hope for the bank's future in large part because the attitude towards banking and business has changed.
Noting how difficult conditions were for banks after the financial crisis, he said his company's fortunes this year have brightened thanks to a new political culture.
"We believe the anticipated reversal of many negatives and the expectation of a more business-friendly environment, coupled with our sustained, strong business results, are among the reasons our stock price has done so well this past year," Dimon wrote.
JPMorgan's shares are up nearly 48 percent over the past 12 months, thanks to a big rally after President Donald Trump's upset election victory in November. The stock was up about 0.6 percent nearing midday Tuesday.
Though Dimon did not mention Trump anywhere in the 45-page missive that he delivers each April. But some of the president's pet themes do appear.
For instance, he notes that the U.S. is "an exceptional country," but he delineates numberous areas where the country needs to improve. Among them are low wage growth, high health-care costs and overcrowded prisons.