JPMorgan CEO Jamie Dimon breaks silence on Trump win and issues message about cabinet role

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JPMorgan Chase CEO Jamie Dimon broke his silence today over Donald Trump's US presidential election win.

Dimon, along with other top bank executives, issued a memo to staff congratulating Trump for defeating Kamala Harris. 

This comes despite Dimon - worth around $2.4 billion - privately backing Harris ahead of Tuesday's vote. He had expressed concerns over Trump’s denial of the 2020 election results.

It also emerged Wednesday that Dimon will not take up any offer to join Trump's administration - amid rumors he was wanted to take up a role at the White House.

Instead, a bank source told Reuters that he will remain with JPMorgan Chase, where he has served as CEO for 19 years. 

Dimon had recently been the subject of speculation from both Republicans and Democrats as a potential candidate for Treasury Secretary. 

JPMorgan Chase CEO Jamie Dimon congratulated Donald Trump for defeating Kamala Harris  in the US presidential election

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In the statement from JPMorgan Chase on Wednesday, executives from the bank referenced a message from Dimon as polls closed on Tuesday night.

'As Jamie said yesterday, we must now "begin the work of bringing our nation together and focusing on the pressing economic and global issues before us,"' the memo read. 

'Our firm has a long history of working across the political spectrum and looks forward to engaging the new administration and elected officials in both parties.'

Dimon called this year's presidential election 'one of the hardest fought and at times divisive elections in our recent history,' in his statement to the Wall Street Journal yesterday.

'Soon it will be time for all of us to unite behind our President elect and all of our national leaders,' Dimon said.

'We must begin the work of bringing our nation together and focusing on the pressing economic and global issues before us.'

Dimon privately backed Harris during the presidential election despite praising some of Trump's policies, according to an investigation conducted by the New York Times.

The businessman reportedly did not endorse Harris publically due to his fear of retaliation from Trump.

'With Jamie, it's interesting because he styles himself as a major leader transcending his own business needs,' Robert Reich, former secretary of labor in the Clinton administration, told the New York Times.

'If he were really concerned about the nation and all of the values that he says he's concerned about, not only would he not be supporting Trump - he'd be vocally and angrily and with all of his might making sure that Trump did not get another crack at the White House.'

Dimon, a registered Democrat, issued a statement early last month denying his endorsement of Trump.

'I'm not endorsing anyone at this time. I spend more of my time on policy,' Dimon said via a spokesperson at the time. 

'What's the policy we need that can really help both the world, foreign policy, and domestically?.'

Dimon publicly denied endorsing Trump in a statement earlier this month

Dimon explained his chances of being a member of Trump's cabinet were 'almost nil'

The JPMorgan Chase CEO was the subject of speculation for weeks as a candidate for Treasury secretary by Republicans and Democrats.

Dimon discussed a slim to none chance of taking a senior US government role with a Wells Fargo stock analyst last month.

'I think the chance of that is almost nil, and probably I'm not going to do it,' Dimon said.

'I tend to be doing what I'm doing - I almost guarantee I'll be doing this - for a long period of time, or at least until the board kicks me out.'

The JPMorgan Chase team also congratulated Vice President-elect JD Vance, and US representatives elected to serve in Congress and in state and local offices.

'JPMorganChase strives to be a place where people from different backgrounds and beliefs can come together with a common sense of purpose and mission,' the memo read. 

'We are hopeful for the future and the role we will play tackling some of the most pressing challenges facing Americans and our country, together.'