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☆ Jamie Dimon warns the world order is being challenged — and bashes crypto once more
▼ + stars: | 2024-04-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMost people are financially healthy, but economic and geopolitical threats could spoil the party, Jamie Dimon warned on Tuesday. People are also benefiting from strong economic growth and near-record employment, but they won't be immune if disaster strikes, Dimon said. "Even if we go into recession, the consumer's in good shape," he said in a clip of the interview posted by Bloomberg. He added that the world order is being "challenged" and could descend into a "little bit of chaos" as it realigns.

Persons: —, Jamie Dimon, Dimon, Dimon's, JPMorgan's, we've Organizations: Service, Consumers, Economic, of New, Business, Bloomberg, Wall Locations: of New York, China, Russia, Ukraine, Middle

☆ Jamie Dimon says the future of the world depends on whether the US can sort out its relationship with China
▼ + stars: | 2024-04-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewHow the US handles its shaky relationship with China will affect the future of the world, says JPMorgan chairman and CEO Jamie Dimon. "It's the thread from Ukraine, oil and gas, food, migration, all our relationships, the most important one being China," Dimon told Bloomberg's Emily Chang in an interview that aired Wednesday. Related storyDimon's fresh remarks on China come as the world's second-largest economy finds itself in a fraught relationship with the US. And in January, CIA chief William J. Burns said China is a far bigger threat to the US than Russia. But while Dimon did single out China as a significant risk to the world, he told Chang that he is optimistic that the US could manage them.

Persons: —, Jamie Dimon, Dimon, Emily Chang, Chang, William J, Burns, Joe Biden, Donald Trump, Biden, They've, they're, America's Organizations: Service, Business, JPMorgan Global China Summit, Reuters, CIA, Affairs, Wednesday Locations: China, Ukraine, Russia, Shanghai, Pennsylvania

☆ Jamie Dimon made $183 million from selling JPMorgan stock
▼ + stars: | 2024-04-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Jamie Dimon has raked in $183 million from his planned sale of 1 million JPMorgan shares. JPMorgan's CEO sold stock worth $33 million on Monday, after selling a $150 million tranche in February. Dimon's first disposals in 19 years were for diversification and tax planning, JPMorgan said. AdvertisementJamie Dimon has wrapped up his planned sale of 1 million JPMorgan shares, pocketing $183 million in total proceeds. The boss of America's biggest bank disposed of about 178,000 shares for about $33 million on Monday, regulatory filings show.

Persons: Jamie Dimon, Dimon's, — Organizations: JPMorgan, JPMorgan's, Service, Business

☆ Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead
▼ + stars: | 2024-04-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. JPMorgan Chase CEO Jamie Dimon warned Friday that multiple challenges, primarily inflation and war, threaten an otherwise positive economic backdrop. "Many economic indicators continue to be favorable," the head of the the largest U.S. bank by assets said in announcing first-quarter earnings results. An "unsettling" global landscape including "terrible wars and violence" is one such factor introducing uncertainty both into JPMorgan's business and the broader economy, Dimon said. However, the bank warned net interest income for this year could be slightly below what Wall Street is expecting and shares were off nearly 2% in premarket trading.

Persons: Jamie, JPMorgan Chase, Jamie Dimon, Dimon Organizations: JPMorgan Chase, U.S . Senate Banking, Housing, Urban Affairs, Wall, Capitol, JPMorgan Locations: Washington , U.S, U.S

☆ Here's why JPMorgan's top brass are doubtful that a major M&A comeback is on the horizon
▼ + stars: | 2024-04-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street has been hopeful that M&A activity will return this year as rates fall. On Friday, the bank reported $41.9 billion in revenue for the quarter, up 9% year-over-year — a figure that surpassed analysts' expectations. The retreat from dealmaking produced a nine-year low in terms of the number of individual M&A transactions in the quarter, LSEG reported. Dimon's warningsThe comments from JPMorgan's top brass come as Dimon issues warnings about the prospect of a gloomier economic environment.

Persons: —, Jamie Dimon, Jeremy Barnum, Barnum, Biden, that's, Goldman Sachs, Stephan Feldgoise, LSEG, EY, Dimon, Reed Alexander Organizations: Service, JPMorgan, Business, London Stock Exchange Group Locations: megamergers, dealmaking, Asia, Pacific

☆ Morgan Stanley tumbles, GE Healthcare climbs — what's driving Thursday's major portfolio stock moves
▼ + stars: | 2024-04-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Stocks, Banks, JPMorgan Chase, Jamie Dimon, Morgan Stanley, Bausch, Jim, Jim Cramer's Organizations: CNBC, Club, Citigroup, JPMorgan, Securities and Exchange Commission, U.S, Appeals, Federal Circuit, Health, Jefferies, Xifaxan, Bausch Health, Costco, GE Healthcare, Mizuho, Broadcom, Apple, Nvidia, Jim Cramer's Charitable Locations: Wells Fargo, BlackRock

☆ The Jamie Dimon manifesto
▼ + stars: | 2024-04-09 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

The 2023 shareholder letter from JPMorgan Chase CEO Jamie Dimon is chock full of policy ideas. Jamie Dimon, the billionaire CEO of JPMorgan Chase, outlined some of the biggest issues facing the company, the country, and the world in his 2023 annual shareholder letter. But he says that the US needs to flex its other muscles of power — economic policy, diplomacy, and intelligence — beyond military strength. Dimon points to the growth in wage inequality, saying that "wrong" policy falls disproportionately on the backs of lower-earning Americans. Dimon previously said that taxes on the wealthy could help offset the costs of bolstering the EITC.

Persons: Jamie Dimon, —, JPMorgan Chase, who's, Dimon, Oppenheimer, Donald Trump Organizations: JPMorgan Chase, Service, JPMorgan, US, Ukraine, Woods, Monetary Fund, American Locations: Ukraine, China

☆ Jamie Dimon had a lot to say in his annual letter to shareholders
▼ + stars: | 2024-04-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Jamie Dimon's annual letter to shareholders and why this edition is so different . The big storyDimon sounds offWin McNamee/Getty Images; Chelsea Jia Feng/BIWhen Jamie Dimon talks, people tend to listen. Dimon's annual letter to shareholders grabs the business world's attention in ways most executives can only imagine. Dimon described the tech as just as innovative and impactful as the printing press, steam engine, electricity, and the internet, writes Business Insider's Jyoti Mann. The polarization of politics was something Dimon touched on in his letter, urging people to resist being "weaponized."

Persons: —, Jamie Dimon's, Jamie's, Win McNamee, Chelsea Jia Feng, Jamie Dimon, Larry Fink, Dimon, Insider's Jyoti Mann, BI's Theron Mohamed, BI's Juliana Kaplan, Alex Brandon, Rebecca Zisser, he's, it'd, David Rosenberg, Jenny Chang, Rodriguez, Elon Musk, Tesla, Musk, Gabor Cselle, Brooks Kraft, Zers, they'll, they've, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, JPMorgan, Democratic, Monetary Fund, Microsoft, Google, Twitter, Brooks Kraft LLC, Getty, Warner Bros, Oxford High, Boeing Locations: Pennsylvania, Asia, Hong Kong, Singapore, Dubai, Abu Dhabi, London, New York

☆ Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers
▼ + stars: | 2024-04-08 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Jamie Dimon, the veteran CEO and chairman of JPMorgan Chase , said he was convinced that artificial intelligence will have a profound impact on society. In his annual letter to shareholders released Monday, Dimon chose AI as the first topic in his update of issues facing the biggest U.S. bank by assets — ahead of geopolitical risks, recent acquisitions and regulatory matters. But his focus on AI, first mentioned in Dimon's annual letter in 2017, stood out. Enthusiasm for AI has fueled the meteoric rise of chipmaker Nvidia and helped propel tech names to new heights.

Persons: Jamie Dimon, JPMorgan Chase, Dimon, OpenAI's ChatGPT Organizations: JPMorgan, Banking, Housing, Urban Affairs Committee, Wall Street Firms, Nvidia

☆ Jim Cramer's quick takes on JPMorgan, Tesla, TSMC, Take-Two and Fastly
▼ + stars: | 2024-04-08 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Taiwan Semiconductor Manufacturing Company : The chipmaker gets $6.6 billion from the U.S. government to support to building three plants in Arizona. Take-Two Interactive : The video game stock was upgraded at Citi to buy. Fastly : The stock was upgraded to a buy-equivalent overweight rating at Piper Sandler. The analysts said the company is gaining market share in the core content delivery network market.

Persons: Jim Cramer's, Jamie Dimon's, Jamie Dimon, Jim Cramer, Cramer, Elon Musk, Gina Raimondo, Piper Sandler Organizations: CNBC, Club, JPMorgan, Fargo, Taiwan Semiconductor Manufacturing Company, U.S, Citi Locations: Arizona, America, China, Taiwan

☆ Jamie Dimon says the Fed should wait on the rate cuts as its credibility is 'a bit at stake'
▼ + stars: | 2024-03-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

JP Morgan Chase CEO Jamie Dimon said the US Federal Reserve should delay cutting interest rates until the second half of the year. He said the Fed should wait for more data before cutting rates. Despite the market's optimism for a soft landing, Dimon says there's a 65% chance of a recession in the next two years. AdvertisementThe US Federal Reserve should wait until the second half of the year before cutting interest rates, JP Morgan Chase CEO Jamie Dimon said on Tuesday. So, the market is pricing in a 70% to 80% chance of a soft landing.

Persons: Morgan Chase, Jamie Dimon, there's, —, JP Morgan Chase, “, Dimon, ” Organizations: US, Reserve, Service, Federal, Australian Financial, Business

☆ A real estate CEO predicts hundreds of banks will fail or be taken over by 2026
▼ + stars: | 2024-03-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

A real estate boss expects at least 500 banks to fail or be taken over in the next two years. Scott Rechler, CEO of RXR, said the maturing of commercial real estate loans would hit smaller lenders. Commercial real estate has been hit by declining asset prices, costlier borrowing, and tighter lending. AdvertisementHundreds of American banks will collapse or be taken over by 2026, a top real estate executive predicted. Silicon Valley Bank, Signature Bank, and Silvergate Bank folded last spring after worries about their health spurred a wave of deposit withdrawals.

Persons: Scott Rechler, —, Fortune, I'm, It's, Jamie Dimon's Organizations: Service, Deposit Insurance Corporation, Silicon Valley Bank, Signature Bank, Silvergate Bank, New, New York Community, Federal Reserve, JPMorgan Locations: New York

☆ A hard-landing recession is guaranteed as the full impact of Fed rate hikes have yet to hit the economy, Morgan Stanley's chief economist says
▼ + stars: | 2024-02-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

A hard landing is guaranteed for the US Morgan Stanley's chief US economist. That's because the full impacts of Fed tightening haven't been fully felt in the economy. It could take 18 months after the last rate hike to feel the full weight of higher rates, economists say. Zentner is expecting the US to avoid a recession this year, as there's no data to support a soon-to-come downturn. AdvertisementStill, signs point to the Fed keeping interest rates elevated as it keeps an eye on inflation.

Persons: US Morgan Stanley's, Ellen Zentner, Morgan Stanley's, Zentner, Jamie Dimon's Organizations: US, Federal Reserve, CNBC, Analytics, Bank, Investors

☆ Jeff Bezos, Jamie Dimon, and Mark Zuckerberg have sold stock worth about $9 billion. They might think markets can't go much higher.
▼ + stars: | 2024-02-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewAmazon's Jeff Bezos, JPMorgan's Jamie Dimon, and Meta's Mark Zuckerberg have all sold big chunks of shares in their own companies. Bezos is way out in front after offloading 50 million shares of Amazon in just nine trading days this month, pocketing an estimated $8.5 billion. Zuckerberg cashed in almost 1.8 million shares of his social-media empire for more than $400 million in the last two months of 2023. Zuckerberg hadn't sold Meta shares for almost two years prior to his latest transactions. University of Nebraska-LincolnIt's worth emphasizing that Bezos, Zuckerberg, and Dimon's sales only represent small fractions of their stakes, so they're still heavily invested in their respective companies' success.

Persons: —, Jeff Bezos, Jamie Dimon, Meta's Mark Zuckerberg, Zuckerberg, JPMorgan's Dimon, Bezos, Mark Zuckerberg, Brendan Smialowski, it's, Dimon, Warren Buffett, Berkshire Hathaway, He's, they've Organizations: Service, Amazon, Business, JPMorgan, Berkshire, Warren Buffett . University of Nebraska, Lincoln Locations: Berkshire

☆ Wall Street gets its biggest investment-banking shakeup in years. Here are the key players making moves.
▼ + stars: | 2024-02-26 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Read previewWall Street experienced a big shakeup on Monday when two big banks announced new leaders for their investment-banking units. Citi's hire comes just weeks after JPMorgan promoted Raghavan to the sole head of its deals business, forcing America's biggest bank by assets to regroup. Under Raghavan, JPMorgan rose to No. For the last decade, the 59-year-old has been CEO of the bank's commercial bank, dedicated to corporate lending, including to Silicon Valley startups and real-estate investors. In an internal memo announcing his new role, bank executives said he's "significantly" grown revenue in the region since he took over the region in 2019.

Persons: —, Viswas Raghavan, Raghavan, Jamie Dimon, Filippo Gori, Doug Petno, Filippo Gori —, Jane Fraser, Fraser, Merrill Lynch, Andy Sieg, Patrick T, Fallon, Raghavan Raghavan, Doug Petno Petno, Jennifer Piepszak, Troy Rohrbaugh, Piepszak, Marianne Lake, Rohrbaugh, he's, He'll, Sjoerd Leenart, Mary Erdoes, Reed Alexander Organizations: Service, Citigroup, America's, Business, JPMorgan, Citi, Financial Times, Banking & International, Citi Foundation, EMEA, Financial News, JPMorgan's, Corporate Banking Locations: Hong Kong, London, Europe, Africa, Fraser, EMEA, Silicon, Filippo Gori Gori, JPMorgan's Asia, Pacific

☆ Jamie Dimon's big JPMorgan stock sale may be a warning sign, given his stellar track record at market timing
▼ + stars: | 2024-02-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

JPMorgan CEO Jamie Dimon sold hundreds of thousands of shares in the bank last week, a possible worrisome signal given his strong track record at timing the market. What Dimon sold was all profit from the more than one million shares he bought between 2009 and 2016, Bespoke said. In total, Dimon bought more than 1.2 million shares between 2009 and 2016. JPM KBE,.SPX YTD mountain JPMorgan vs. the S & P 500 and SPDR S & P Bank ETF, year to date JPMorgan shares are up more than 8% so far in 2024, outperforming the S & P 500 's less than 7% gain as well as a more than 4% decline in the SPDR S & P Bank ETF (KBE) . A filing from JPMorgan last October said Dimon would sell one million shares sometime in 2024 but didn't specify when.

Persons: Jamie Dimon, Dimon, FactSet, JPM Organizations: Investment, upturns, JPMorgan, Insider, P Bank, P Bank ETF

☆ JPMorgan CEO Jamie Dimon sells off $150 million of shares in first-ever sale since taking over the banking giant
▼ + stars: | 2024-02-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

JPMorgan CEO Jamie Dimon sold off $150 million of shares on Thursday. It's the first time in Dimon's 18 years leading the company that he's sold any shares. AdvertisementThe CEO of JPMorgan Chase on Thursday sold $150 million worth of shares in the banking giant, his first-ever sale since taking over the company 18 years ago. According to a filing with the US Securities and Exchange Commission, Jamie Dimon offloaded about 822,000 shares in the sale. He still holds about 7.7 million shares in the company, Bloomberg reported.

Persons: Jamie Dimon, It's, he's, Dimon, —, JPMorgan Chase Organizations: Service, JPMorgan, US Securities and Exchange Commission, Bloomberg, Business Locations: Dimon's

☆ Meet the Man Behind Litquidity, the Anonymous Instagram Account Dominating Wall Street
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Hayley Cuccinello | ) www.businessinsider.com time to read: +26 min

The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.

Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, —, Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho

☆ It's a make-or-break week for the stock market. Here's why.
▼ + stars: | 2024-01-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at why this is such a big week for the stock market . The big storyA week to rememberThree trends in the stock market are bound to vault equities higher in 2024, Wall Street strategists say. Getty ImagesWe're less than a month into 2024, but this week could determine the market's trajectory for the rest of the year. Tim Cook AppleThe information overload comes amid an uncertain time for Big Tech and the broader stock market.

Persons: —, Netflix's, it's, Matthew Fox, Jerome Powell's, Tim Cook, Tesla, haven't, we'll, Fundstrat's Tom Lee, Read, Jamie Dimon, Larry Downing, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, Jeffrey Gundlach, Buckle, Mohamed El, isn't, Erian, Lyra, Maven, Tyler Le, Liquidators, Max Organizations: Service, Business, Wall, Big Tech, Microsoft, Fed, Apple, Nvidia, Meta, Google, optimist, JPMorgan, DoubleLine, Prime, Comcast, Warner Bros, Lyra Health, Hong, Alaska Airlines Locations: India, Japan, Hong Kong, China, Alaska

☆ JPMorgan just shuffled its management. Here's what the new line-up says about Jamie Dimon's succession plans.
▼ + stars: | 2024-01-26 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

Lake, who co-led the consumer and community bank with Piepszak since 2021, will now have sole oversight of that segment. Piepszak and Rohrbaugh will take on day-to-day control of the corporate and investment bank, which Daniel Pinto has led since 2014. Jennifer Piepszak, a JPMorgan lifer, will leave the consumer side of the organization for her new role atop the commercial and investment bank. BIIIn her new role, Piepszak will have a chance to gain more experience on the wholesale side of the business. She joined the bank following her college graduation and spent 17 years in various finance roles across the investment bank.

Persons: Jamie Dimon, Jennifer Piepszak, Marianne Lake —, Dimon, Troy Rohrbaugh, Rohrbaugh, Daniel Pinto, Pinto, Dimon's, JPMorgan Pinto, Gordon Smith, Lake, Piepszak, JPMorgan.com Mary Callahan Erdoes, Erdoes, Morgan Stanley, James Gorman, Mike Mayo Organizations: JPMorgan Chase, Business, JPMorgan, Wall, First Locations: Piepszak, BII, Euromoney, Wells Fargo

☆ Jamie Dimon gets $36 million in compensation after historic year for JPMorgan
▼ + stars: | 2024-01-18 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +2 min

The bank's board increased CEO Jamie Dimon's pay by 4% to $36 million. So it's probably not surprising that its longtime CEO, Jamie Dimon, is getting a raise from the bank's board, a 4% bump, to $36 million, for 2023. The bank disclosed Dimon's compensation in a securities filing on Thursday. His pay consists of an annual base salary of $1.5 million, $5 million in cash, and $29.5 million in performance share units, according to the filing. Dimon's compensation was $34.5 million for both 2022 and 2021.

Persons: JPMorgan Chase, Jamie Dimon's, —, it's, Jamie Dimon, Mike Mayo, Dimon Organizations: JPMorgan, Service, JPMorgan Chase, First, CNBC Locations: First Republic, Wells Fargo, Wall

☆ Jamie Dimon warns 'all these very powerful forces' will impact U.S. economy in 2024 and 2025
▼ + stars: | 2024-01-17 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17yth, 2024. "You have all these very powerful forces that are going to be affecting us in '24 and '25," Dimon told Andrew Ross Sorkin Wednesday in a CNBC interview at the World Economic Forum in Davos. "Ukraine, the terrorist activity in Israel [and] the Red Sea, quantitative tightening, which I still question if we understand exactly how that works," Dimon said. Quantitative tightening refers to moves by the Federal Reserve to reduce its balance sheet and rein in previous efforts including bond-purchasing programs. In Dimon's view, the relatively buoyant stock market of recent months has lulled investors on the potential risks ahead.

Persons: Jamie Dimon, JPMorgan, 17yth, JPMorgan Chase, Dimon, Andrew Ross Sorkin, dory, we've Organizations: JPMorgan Chase, JPMorgan, CNBC, Economic, Federal Reserve Locations: Davos, Switzerland, U.S, Ukraine, Israel

☆ 2024 is looking a whole lot like the 1970s, says Jamie Dimon — and that's not a good thing
▼ + stars: | 2024-01-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

JPMorgan Chase CEO Jamie Dimon told Fox Business Network he sees similarities between the economy of the 1970s and 2024. Dimon said he isn't sure the economy will achieve the soft landing the Fed is trying to engineer. The 1970s was marked by a period of high inflation and stagnant economic growth. AdvertisementJPMorgan Chase CEO Jamie Dimon said 2024 may just be like the 1970s — and it's more about the economy than nostalgia. "And that looks a little more like the 1970s to me," Dimon told Bartiromo, referring to a period when stagnant growth and high inflation pressured the economy.

Persons: Jamie Dimon, Dimon, —, Maria Bartiromo, Bartiromo, isn't Organizations: JPMorgan, Fox Business Network, Service, Fox Business, Federal Reserve

☆ Jamie Dimon reveals what he would do as president: Tax people like Bill Ackman more
▼ + stars: | 2023-11-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Hedge-fund manager Bill Ackman asked JPMorgan CEO Jamie Dimon what he'd do if he were president. The CEO said he'd get rid of the carried interest loophole and increase the earned income tax credit. At the New York Times DealBook Summit this morning, audience member and hedge fund titan Bill Ackman asked JP Morgan CEO Jamie Dimon what he'd do if he were president. asked Ackman, who has previously called on Dimon to run for president. Despite votes of confidence from the likes of Ackman, Dimon has said that he won't run for president.

Persons: Bill Ackman, Jamie Dimon, he'd, —, Morgan, Ackman, Dimon, Robin Hood Organizations: Service, New York Times, Treasury, Democrats Locations: France

☆ JPMorgan CEO Jamie Dimon to business leaders: 'Help Nikki Haley'
▼ + stars: | 2023-11-29 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

JPMorgan CEO Jamie Dimon has a message for some of the world's wealthiest corporate leaders: help Nikki Haley's presidential campaign. "Even if you're a very liberal Democrat, I urge you, help Nikki Haley, too. Billionaire Tesla CEO Elon Musk, media titan David Zaslav and Disney CEO Bob Iger were all scheduled to speak later in the day. Haley earlier this month told CNBC's "Squawk Box" that she and Dimon spoke by phone recently about the state of the economy. At the DealBook conference, Dimon stopped short of saying the Republican presidential nominee should be anyone but Trump.

Persons: Jamie Dimon, Nikki Haley's, Nikki Haley, Donald, Trump, Dimon, Dimon's, Bill Ackman, Tesla, Elon Musk, David Zaslav, Bob Iger, Haley, Charles Koch, CNBC's Organizations: Democrat, Republican, The New York Times, Wall Street titans, Disney, Democrats, Forbes Locations: South Carolina, Dimon

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