Posted 4/12/2024, 11:37:47 AM
Dimon Warns of Unsettling Global Pressures As JPMorgan Posts Disappointing Earnings
- Jamie Dimon, JPMorgan Chase CEO, warned of "unsettling" global pressures like war, tensions, and inflation that could hurt economy and the bank
- Remarks made as JPMorgan reported weaker-than-expected quarterly earnings
- Dimon said bank has "never truly experienced the full effect of quantitative tightening on this scale"
- Dimon's warnings consistently at odds with strong financial markets
- JPMorgan earnings impacted by lower customer deposits, warning of higher future expenses, drop in net interest income