JPMorgan Chase CEO Jamie Dimon warns interest rates could stay high
Wall Street may be ready to declare victory over sky-high inflation, but Jamie Dimon thinks the fight is far from over. The head of JPMorgan Chase & Co. says investors will have to endure an extended period of high interest rates as price pressures are exacerbated by rising costs, rising defense spending, a ballooning budget […]
JPMorgan Chase CEO Jamie Dimon warns of fiscal deficit
JPMorgan Chase & Co. CEO Jamie Dimon said Wednesday that the U.S. needs to pay down its budget deficit sooner rather than later, before the issue escalates into a “much more unpleasant” crisis in the future. I warned you. “America has spent a lot of money,” Dimon told Sky News on Wednesday. The bank’s chief […]
Jamie Dimon starts each morning reading The New York Post
Jamie Dimon devours five newspapers every morning, and said the New York Post is the first one he reads that day. After waking up at 4:30 a.m., “I read five papers in a very specific way, and you should listen to them,” the JPMorgan Chase CEO told the Wall Street Journal. Extensive interview on Thursday. […]
JPMorgan CEO Jamie Dimon reveals ‘near death’ heart surgery
JPMorgan Chase CEO Jamie Dimon has admitted that he suffers from “PTSD” following a “near-death” heart surgery in 2020. “As I was being wheeled into the operating room for the dissection, I knew it was a 50-50 chance,” Dimon, 68, said of the acute aortic dissection he suffered four years ago. What Mayo Clinic Explains […]
Jamie Dimon is skeptical about the odds of a ‘soft landing’
JPMorgan Chase CEO Jamie Dimon talks about the Federal Reserve’s interest rate trajectory, the 2024 economy, looming banking regulation, and artificial intelligence. CEO of JPMorgan Chase jamie dimon Markets were too optimistic about the possibility of a soft landing, warned Thursday, as the U.S. economy continues to battle still-high inflation and interest rates. “The probability […]
Jamie Dimon: ‘I want to help my country’
JPMorgan Chase & Co. CEO Jamie Dimon on Tuesday was noncommittal when asked about working for the government after leaving the company, insisting he would rather “help” the country, according to multiple media reports. Mr. Dimon said in an interview Tuesday at a New York Economic Club event that he believed government would be improved […]
Jamie Dimon caps off $183M stock trading plan with sale of 178,200 JPMorgan Chase shares
Check out what’s being clicked on FoxBusiness.com JPMorgan Chase & Co. CEO Jamie Dimon on Monday completed a planned sale of 1 million shares of the company’s stock. Mr. Dimon sold the remaining 178,222 shares, worth about $33 million, on Monday, according to a filing with the Securities and Exchange Commission. He sold 821,778 shares […]
Jamie Dimon rakes in more than $180M from planned sale of JPMorgan stock
JPMorgan Chase & Co. CEO Jamie Dimon has sold about $33 million in stock in the bank, a regulatory filing revealed on Monday, up from a previously disclosed sale of 1 million shares. The plan is complete. Last October, JPMorgan announced that it intended to sell 1 million of the 8.6 million shares held by […]
It's not just Jamie Dimon and Wall Street. Local bank branches have big AI ambitions – CNBC
The pandemic has accelerated changes at major banks, with Chase Bank and Wells Fargo Bank already having branches that are more like lounges than banks. But Wall Street banks aren’t the only ones where AI is disrupting the way they do business. Smaller independent branches are following suit, experts and executives say, and will use […]
Jamie Dimon warns of ‘uncertain’ year ahead as JPMorgan profit rises
JPMorgan Chase & Co. President Jamie Dimon on Friday warned of an “uncertain” year ahead, citing challenges such as inflation and geopolitical tensions threatening the U.S. economy. The warning came after JPMorgan, the nation’s largest bank by assets, reported a modest 6% profit increase in the first quarter. Shares fell 6.5% to $182.79 following a […]