Jamie Dimon, Bank One's (ONE) new chairman and chief executive officer, did his best to win the hearts of shareholders Tuesday, vowing to improve the company's performance in the coming year.
Dimon, who spoke to several hundred investors at the company's annual meeting in Chicago, was scant on details of how he intends to jump-start Bank One's earnings. The company's profits have been lower than expected for the last three quarters, primarily owing to problems in its credit-card division. The company's stock has also taken a beating; it is down 46% over the last year.
Laura Pavlenko Lutton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.