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 stated 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 snug that that is actual. These excessive asset costs and excessive volumes – that we gained’t have any type of downside in anyway.”
Dimon, who plans to stay CEO for just a few extra years, additionally highlighted intensifying competitors from returning rivals.
“All of our major rivals are again in the USA, 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 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 internet 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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