JPMorgan Chase has supported a Trump administration proposal to remove the requirement for publicly listed companies in the United States to publish quarterly earnings reports.
The proposal would allow companies to report financial results twice a year instead of every three months, marking a major potential change in US market regulation.
JPMorgan’s Chief Financial Officer Jeremy Barnum said the bank supports efforts to reduce regulatory burden and make US capital markets more competitive.
Focus on Long-Term Growth
The idea, first suggested by Donald Trump in 2018, aims to reduce pressure on companies to focus on short-term earnings performance.
Supporters say less frequent reporting could encourage businesses to invest more in long-term growth instead of meeting quarterly targets.
Barnum said companies would still continue to communicate regularly with investors through earnings calls and updates, even if formal reporting rules change.
Regulators Reviewing Proposal
The U.S. Securities and Exchange Commission is reportedly preparing a proposal that would allow companies to shift from quarterly to semi-annual reporting, according to media reports.
If approved, companies would still be required to disclose financial information, but in a less frequent format.
Mixed Views on Transparency
The proposal has divided opinion across Wall Street and Washington.
Supporters, including some major executives, argue that reducing reporting frequency could align US markets with other global economies that use semi-annual reporting systems.
Critics warn that less frequent updates could reduce transparency and make it harder for investors to track company performance in real time.
JPMorgan to Continue Investor Communication
JPMorgan Chase said it would continue holding earnings calls and investor briefings even if reporting rules are relaxed.
The bank said these communications are not required by regulators but are important for maintaining market confidence.
Ongoing Debate
The proposal remains under discussion, with no final decision made yet.
If implemented, it would represent one of the biggest changes to US corporate reporting rules in decades, reshaping how companies communicate with investors and financial markets.
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