JPMorgan Backs Trump Plan to End Quarterly Reporting, Citing Market Strength Push

JPMorgan Chase has supported a push by Donald Trump to end mandatory quarterly reporting, reviving a proposal first introduced in 2018. The move comes as regulators prepare changes that would allow companies to report results twice a year instead of four times. The U.S. Securities and Exchange Commission is working on the proposal, aiming to reduce reporting demands on companies. JPMorgan’s finance chief Jeremy Barnum said the bank supports steps that reduce pressure and keep U.S. markets strong. He noted that earnings calls are not required and companies choose them to communicate with investors. Supporters, including Elon Musk and Jamie Dimon, say the change could reduce short-term focus. Critics warn it may limit transparency and reduce how often investors receive updates.