JPMorgan Chase CEO Jamie Dimon says monetary markets resemble the interval simply earlier than the 2008 world monetary disaster.
On the financial institution’s Firm Replace 2026 in New York, Dimon mentioned he’s seeing rising complacency round excessive asset costs and volumes.
“Sadly, we did see this in ’05, ’06 and ’07, nearly the identical factor. The rising tide lifting all boats, everybody was making some huge cash, folks leveraging to the hilt. The sky was the restrict…
My very own view is individuals are getting slightly comfy that that is actual. These excessive asset costs and excessive volumes – that we received’t have any type of drawback in any respect.”
Dimon, who plans to stay CEO for a couple of extra years, additionally highlighted intensifying competitors from returning rivals.
“All of our essential rivals are again in the US, in Europe. The Japanese are again. I imply, everybody’s again. It’s good for the world, et cetera.
I don’t know the way lengthy it’s going to be nice for everyone. I see a few folks performing some dumb issues.”
The occasion’s yearly overview presentation listed elevated asset costs as a key macro danger.
JPMorgan Chase tasks 2026 internet curiosity earnings of roughly $104.5 billion and firm-wide expertise spending of $19.8 billion, a roughly 10% improve from 2025.
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