JPMorgan Chase CEO Warns Markets Mirroring Pre-2008 Financial Crisis Conditions
JPMorgan Chase CEO Jamie Dimon says monetary markets resemble the interval simply earlier than the 2008 international monetary disaster.
On the financial institution’s Firm Replace 2026 in New York, Dimon said he’s seeing rising complacency round excessive asset costs and volumes.
“Sadly, we did see this in ’05, ’06 and ’07, virtually the identical factor. The rising tide lifting all boats, everybody was making some huge cash, individuals leveraging to the hilt. The sky was the restrict…
My very own view is individuals are getting a bit of comfy that that is actual. These excessive asset costs and excessive volumes – that we received’t have any sort of downside by any means.”
Dimon, who plans to stay CEO for just a few extra years, additionally highlighted intensifying competitors from returning rivals.
“All of our principal opponents are again in america, in Europe. The Japanese are again. I imply, everybody’s again. It’s good for the world, et cetera.
I don’t understand how lengthy it’s going to be nice for everyone. I see a few individuals doing a little dumb issues.”
The occasion’s yearly overview presentation listed elevated asset costs as a key macro danger.
JPMorgan Chase initiatives 2026 web curiosity revenue of roughly $104.5 billion and firm-wide know-how spending of $19.8 billion, a roughly 10% enhance from 2025.
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