JP Morgan kicked earnings season into high gear this morning.

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“We replaced the management team responsible for the losses, we invoked comprehensive clawbacks of previously granted awards and/or repayment of previously vested awards for those with primary
responsibility (more than $100 million was recaptured), we reduced or eliminated compensation for a group of employees, and your Chief Executive Officer and Chief Financial Officer saw their
compensation reduced by the Board as a result of this embarrassing episode.” ~Jamie Dimon, CEO of JP Morgan

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