Tags: Gun Control | Gun Rights | jpmorgan | exposure | gun | industry

JPMorgan 'Significantly' Cuts Exposure to Gun Industry

JPMorgan 'Significantly' Cuts Exposure to Gun Industry
(Milosz7/Dreamstime)

Friday, 13 April 2018 01:23 PM

JPMorgan Chase & Co. has cut exposure to the gun industry amid the country’s debate over military-style weapons.

“We do have robust risk-management practices and policies associated with this, and we have had for a number of years," Chief Financial Officer Marianne Lake told reporters Friday during a conference call.

“We continue to always refine them and work on them and as a result our exposures have come down significantly and are pretty limited."

Bank of America Corp. said earlier in the week it plans to stop lending to companies that make assault-style guns used for non-military purposes.

A number of U.S. companies have weighed in on their ties to the gun industry and the National Rifle Association following the Feb. 14 shooting at a high school in Parkland, Florida that left 17 people dead.

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JPMorgan Chase & Co. has cut exposure to the gun industry amid the country's debate over military-style weapons.
jpmorgan, exposure, gun, industry
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2018-23-13
Friday, 13 April 2018 01:23 PM
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