Dimon joins Goldman Sachs praising court on gay marriage

Jamie Fonzie Dimon

JPMorgan Chase and Goldman Sachs praised the U.S. Supreme Court after a ruling wednesday that struck down a federal law that denies benefits to same-sex married couples.

'This is good for our company and clients, but more importantly, it’s the right thing to do', JPMorgan CEO Jamie Dimon said in a statement. 'The rights of all people are important and must be protected'.

Bloomberg News reports that the court overturned by a 5-4 majority the U.S. Defense of Marriage Act, rejecting many of the justifications for treating same-sex and heterosexual couples differently.

The court also reinstated a judge’s order allowing gay marriages in California, the nation’s largest state by population.

Some of the biggest financial firms have criticized prohibitions of same-sex marriage, saying the measures could make it harder to recruit staff. Insurer Chubb Corp., which highlights the benefits it offers to domestic partners, said in 2011 that DOMA 'imposes burdens' on businesses.

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Dimon Joins Goldman Sachs Praising Court on Gay Marriage

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