Jamie Dimon warns that markets are 'too happy' and failing to price in a possible US downturn
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Jamie Dimon, CEO of JPMorgan Chase, warns that markets are 'too happy' and failing to price in the potential for a US economic downturn. He believes investors are underestimating the chance of bad economic outcomes and highlights difficulties emerging among lower-income earners and fractures in subprime auto loans. Dimon's comments coincide with JPMorgan's release of record-beating first-quarter earnings. The bank reported a 9% year-over-year revenue gain of $41.9 billion and earnings per share of $4.44, surpassing estimates. Dimon also issued warnings about geopolitical tensions, inflationary pressures, and the unknown effects of large-scale quantitative tightening. CFO Jeremy Barnum echoed Dimon's views, emphasizing the economic, geopolitical, and regulatory uncertainties that remain prominent.
#JamieDimon #JpmorganChase #UsEconomy #MarketOutlook #Earnings #GeopoliticalTensions #Inflation #QuantitativeTightening
https://markets.businessinsider.com/news/stocks/jamie-dimon-jpmorgan-recession-outlook-fed-rate-cuts-markets-optimism-2024-4
Markets Insider /
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2024-04-13 07:03:21
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2024-04-13 07:03:21Event JSON
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"content": "Jamie Dimon warns that markets are 'too happy' and failing to price in a possible US downturn\n==========\n\nJamie Dimon, CEO of JPMorgan Chase, warns that markets are 'too happy' and failing to price in the potential for a US economic downturn. He believes investors are underestimating the chance of bad economic outcomes and highlights difficulties emerging among lower-income earners and fractures in subprime auto loans. Dimon's comments coincide with JPMorgan's release of record-beating first-quarter earnings. The bank reported a 9% year-over-year revenue gain of $41.9 billion and earnings per share of $4.44, surpassing estimates. Dimon also issued warnings about geopolitical tensions, inflationary pressures, and the unknown effects of large-scale quantitative tightening. CFO Jeremy Barnum echoed Dimon's views, emphasizing the economic, geopolitical, and regulatory uncertainties that remain prominent.\n\n#JamieDimon #JpmorganChase #UsEconomy #MarketOutlook #Earnings #GeopoliticalTensions #Inflation #QuantitativeTightening\n\nhttps://markets.businessinsider.com/news/stocks/jamie-dimon-jpmorgan-recession-outlook-fed-rate-cuts-markets-optimism-2024-4",
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