Jamie Dimon News

JPMorgan Chase & Co. told shareholders the timetable is “not five years anymore," in response to a question about how long he planned to remain CEO. The largest US bank is “well on the way" with its succession plans, he said during the firm’s investor day.

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JPMorgan Chase & Co. is immersing every new banking employee in artificial-intelligence training, preparing them for a technology Chief Executive Officer Jamie Dimon has likened to the impact of the printing press and steam engine.

The IA found UK investors returned to the fund markets in March adding £446m, the first inflows since April 2023. The change in sentiment followed heavy capital outflows recorded in January and February of £1.1bn and £2.7bn, respectively.  JPMorgan CEO Jamie Dimon 'cautious' on US soft landing The best-selling IA sector in March was the Global sector, with inflows reaching £842m, while North America gathered £469m. The IA said due to the aforementioned supremacy of the Magnificent Seven stocks, advisers and wealth managers were opting for US companies if they re-allocate into equit...

JPMorgan CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation

JPMorgan Chase CEO Jamie Dimon on the Federal Reserve's rate trajectory, 2024 economy, looming bank regulations and artificial intelligence.

The gross domestic product estimates published by the Bureau of Economic Analysis (BEA) today (25 April) came in below expectations of a 2.5% growth rate, and followed a revised rate of 3.4% for Q4 2023. Compared to the previous quarter, the deceleration in real GDP in the first three months of 2024 primarily reflected a slowdown in consumer, state and local government spending, exports and a downturn in federal government spending, the BEA said. JPMorgan CEO Jamie Dimon 'cautious' on US soft landing These movements were partly offset by an acceleration in residential fixed investm...

investors were right to back him as an agent of change, Modi’s Bharatiya Janata Party peppered its 2014 poll manifesto with 22 references to “reform.” Ten years later, very little remains of that zeal. The BJP’s 2024 manifesto still promises to “reform, perform, transform.” But the few specifics it offers on the economy are modest — such as automatic approvals for standard housing designs. Gone are the days when Modi pledged to change everything from inefficient markets in labor and farm produce to entire sectors like banking. And yet, the appetite for a third term for the Indian leader is very high in the global financial industry. “Modi has done an unbelievable job in India,” JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said Tuesday at the Economic Club of New York. Both Goldman and JPMorgan are predicting a deluge of overseas capital after general elections are over on June 4. (The BJP is favorite to win the contest.)

A Russian court sided with state-run lender VTB Bank in its efforts to recoup $439.5 million from JPMorgan Chase that the American lender froze in U.S. accounts after the Ukraine invasion.

Speaking at the Economic Club of New York on Tuesday (23 April), Dimon said the US was «booming» after 20 years of low growth caused by «bad reasons such as regulations, bureaucracy and stupidity and forced policies». With unemployment at an all-time low, US consumers are «in good shape», he said, even if they did have to endure another recession, adding that debt service ratios were «very low». However, he said this did not alleviate all economic headwinds to a soft landing. Dimon said that even if individual wealth was higher than previous years, this did not mean they could «fight ...

Economic Club of New York, Dimon highlighted PM Modi's achievements, including the extensive recognition system, widespread banking access, and significant poverty reduction initiatives. Dimon at the event said a lot of US government officials are “fantasizing... how we think they should be running their country".

Big banks warned of an uncertain year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere

There are some things people can say which are presumably meant to sound reassuring but just aren’t. An example familiar to bankers might be “there are no planned redundancies at present” or “we are not experiencing trouble finding liquidity”. 

JPMorgan Chase CEO Jamie Dimon on the Federal Reserve's rate trajectory, 2024 economy, looming bank regulations and artificial intelligence.

JPMorgan Chase & Co. reported net interest income that slightly missed analyst estimates and raised its expense guidance for the year, sending shares down.

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Technologists have been doing it. Jamie Dimon just did it in his latest letter to shareholders. I’m referring to the way people are comparing the transformational impact of artificial intelligence (AI) to that of the steam engine.

Elon Musk and Jamie Dimon say artificial intelligence will be smarter than humans and transform society. The question now is whether the prognostications of one of the world’s richest people and the head of the nation’s largest bank will come to fruition, or turn out to be overstated. In remarks this week, both Musk and Dimon joined a chorus of business executives making bold predictions about AI’s potential for dramatic change.

JPMorgan Chase CEO Jamie Dimon on the Federal Reserve's rate trajectory, 2024 economy, looming bank regulations and artificial intelligence.

The nation’s most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors that he continues to expect the U.S. economy to be resilient and grow this year