100 Percent Fed Up reports – The CEO began his letter by admitting to shareholders that the pandemic and the Ukraine war have taken a toll on the bank, "Across the globe, 2022 was another year of significant challenges: from a terrible war in Ukraine and growing geopolitical tensions — particularly with China — to a politically divided America, almost all nations felt the effects of global economic uncertainty, including higher energy and food prices, mounting inflation rates and volatile markets, and, of course, COVID-19's lingering impacts."

Dimon Continued, "While all these experiences and associated turmoil have serious ramifications on our company, colleagues, clients, and the countries in which we do business, their consequences on the world at large — with the extreme suffering of the Ukrainian people and the potential restructuring of the global order — are far more important."

But then Dimon surprised shareholders when he brought an "Update on Specific Issues Facing Our Company" under the "Climate Complexity and Planning" subsection and spoke on Eminent Domain.