The mega-bank Jamie Dimon runs is performing strongly, and yet he openly frets and rants about what’s coming: higher interest rates, smothering regulation, recession, war.
Lest nerves be soothed by those trends, Dimon lays on caveats with a trowel.
Dimon can afford to dwell on the negative because JPMorgan is strong and liquid.
If calamity strikes, JPMorgan’s high returns, high capital levels and sheer size make it akin to a safe haven.
It also slightly reduced its forecast of expenses and credit-card write-offs from numbers given with second-quarter earnings.
Persons:
Jamie Dimon, Marco Bello, delinquencies, Wells, Dimon, Peers, Jane Fraser, hasn’t, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav
Organizations:
JPMorgan Chase &, Chase, Business The, Miami, REUTERS, Reuters, JPMorgan, Citigroup, Basel, Citi, Reuters Graphics, Thomson
Locations:
East, Ukraine