Jamie Dimon believes that CEOs should not focus on making quarterly earnings projections that they cannot keep. He also went on to say that he was "very happy" with JPM's quarter despite obviously missing analysts estimates.
Dimon said he was "very happy" with the results. He cares less about how earnings compare with analysts' estimates than whether the bank is serving clients and gaining market share, he said.MetLife and Evan Greenberg's Ace are among financial firms that have stopped forecasting results for Wall Street in recent years. Billionaire Warren Buffett also opts against issuing predictions, saying that his annual letters and a statement of principles at Berkshire Hathaway tell investors what they need to know.