Dimon Sees Cloudy Economic Outlook But Growing Optimism in Markets
- Dimon cautious about economy, sees only 50% chance of soft landing
- Market sentiment and M&A activity improving, but concerns remain
- Welcomes more regulation of private market participants competing with banks
- JPMorgan setting aside $10B for private credit, could grow significantly
- Not worried about Capital One/Discover deal, but notes pricing advantage of card networks