No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 8, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Markets

Chase CEO Jamie Dimon says markets are too complacent

by TheAdviserMagazine
5 months ago
in Markets
Reading Time: 3 mins read
A A
Chase CEO Jamie Dimon says markets are too complacent
Share on FacebookShare on TwitterShare on LInkedIn


Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025.

Tom Williams | Cq-roll Call, Inc. | Getty Images

JPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions.

Dimon, the veteran CEO and chairman of the biggest U.S. bank by assets, explained his worldview during his bank’s annual investor day meeting in New York. He said he believes the risks of higher inflation and even stagflation aren’t properly represented by stock market values, which have staged a comeback from lows in April.

“We have huge deficits; we have what I consider almost complacent central banks,” Dimon said. “You all think they can manage all this. I don’t think they can,” he said.

“My own view is people feel pretty good because you haven’t seen effective tariffs,” Dimon said. “The market came down 10%, [it’s] back up 10%. That’s an extraordinary amount of complacency.”

Dimon’s comments follow Moody’s rating agency downgrading the U.S. credit rating on Friday over concerns about the government’s growing debt burden. Markets have been whipsawed over the past few months over worries that President Donald Trump’s trade policies will raise inflation and slow the world’s largest economy.

Dimon said Monday that he believed Wall Street earnings estimates for S&P 500 companies, which have already declined in the first weeks of Trump’s trade policies, will fall further as companies pull or lower guidance amid the uncertainty.

In six months, those projections will fall to 0% earnings growth after starting the year at around 12%, Dimon said. If that were to happen, stocks prices will likely fall.

“I think earnings estimates will come down, which means PE will come down,” Dimon said, referring to the price to earnings ratio tracked closely by stock market analysts.

The odds of stagflation, “which is basically a recession with inflation,” are roughly double what the market thinks, Dimon added.

Separately, one of Dimon’s top deputies said corporate clients are still in “wait-and-see” mode when it comes to acquisitions and other deals.

Investment banking revenue is headed for a “mid-teens” percentage decline in the second quarter compared with the year-earlier period, while trading revenue was trending higher by a “mid-to-high” single-digit percentage, said Troy Rohrbaugh, a co-head of the firm’s commercial and investment bank.

On the ever-present question of Dimon’s timeline to hand over the CEO reins to one of his deputies, Dimon said nothing has changed from his guidance last year, when he said he would likely remain for less than five more years.

“If I’m here for four more years, and maybe two more” as executive chairman, Dimon said, “that’s a long time.”

Of all the executive presentations given Monday, consumer banking chief Marianne Lake had the longest speaking time at a full hour. She is considered a top successor candidate, especially after Chief Operating Officer Jennifer Piepszak said she would not be seeking the top job.

Don’t miss these insights from CNBC PRO



Source link

Tags: CEOChasecomplacentDimonJamiemarkets
ShareTweetShare
Previous Post

FINRA feels broker pushback on side-business proposal

Next Post

Legal expert Kenji Yoshino shares the red flags to look out for as Trump’s DEI deadline looms

Related Posts

edit post
5 Ways to Buy Rentals Without a Huge Bank Account

5 Ways to Buy Rentals Without a Huge Bank Account

by TheAdviserMagazine
October 8, 2025
0

In This Article Most rookies think you need a mountain of cash to buy a rental property, but the truth...

edit post
Why Retirement in Portugal’s Algarve Is a Breeze for Americans

Why Retirement in Portugal’s Algarve Is a Breeze for Americans

by TheAdviserMagazine
October 8, 2025
0

Charlesy / Shutterstock.comPortugal’s Algarve is a wonderful bit of European geography at the southwestern corner of the Continent, at the...

edit post
As the Sun Sets on Gen X Careers, Dark Clouds Gather

As the Sun Sets on Gen X Careers, Dark Clouds Gather

by TheAdviserMagazine
October 7, 2025
0

Andrii Iemelianenko / Shutterstock.comAdvertising Disclosure: When you buy something by clicking links within this article, we may earn a small...

edit post
She Had a Broken Arm, No Insurance — and a ,000 Bill

She Had a Broken Arm, No Insurance — and a $97,000 Bill

by TheAdviserMagazine
October 7, 2025
0

Dikushin Dmitry / Shutterstock.comAs soon as she fell, Deborah Buttgereit knew she couldn’t avoid going to the hospital. “I could...

edit post
A New Way to Catch Mail Fraud and Theft — Before It’s Too Late

A New Way to Catch Mail Fraud and Theft — Before It’s Too Late

by TheAdviserMagazine
October 7, 2025
0

Prostock-studio / Shutterstock.comThe United States Postal Service has launched a new service that might help you stay one step ahead...

edit post
Ray Dalio says today is like the early 1970s and investors should hold more gold than usual

Ray Dalio says today is like the early 1970s and investors should hold more gold than usual

by TheAdviserMagazine
October 7, 2025
0

Bridgewater Associates' Ray Dalio on stage at CNBC's CONVERGE LIVE in March.Courtesy of CNBCBridgewater Associates founder Ray Dalio said investors...

Next Post
edit post
Legal expert Kenji Yoshino shares the red flags to look out for as Trump’s DEI deadline looms

Legal expert Kenji Yoshino shares the red flags to look out for as Trump’s DEI deadline looms

edit post
Here are the major earnings before the open tomorrow

Here are the major earnings before the open tomorrow

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Raymond James sues to retrieve dead advisor’s laptop

Raymond James sues to retrieve dead advisor’s laptop

September 11, 2025
edit post
Why Retirement in Portugal’s Algarve Is a Breeze for Americans

Why Retirement in Portugal’s Algarve Is a Breeze for Americans

0
edit post
Nifty may resume uptrend soon; IT stocks could see short-term gains: Rohit Srivastava

Nifty may resume uptrend soon; IT stocks could see short-term gains: Rohit Srivastava

0
edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

0
edit post
The shutdown meant no jobs report. Carlyle’s analysis shows it would have been pretty bad

The shutdown meant no jobs report. Carlyle’s analysis shows it would have been pretty bad

0
edit post
XRP Price Targets You Need To Know Now: Cubic Analytics

XRP Price Targets You Need To Know Now: Cubic Analytics

0
edit post
Why late-career savers need to be careful with RRSPs

Why late-career savers need to be careful with RRSPs

0
edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

October 8, 2025
edit post
XRP Price Targets You Need To Know Now: Cubic Analytics

XRP Price Targets You Need To Know Now: Cubic Analytics

October 8, 2025
edit post
Elbit Systems bids to upgrade Argentinian F-16s

Elbit Systems bids to upgrade Argentinian F-16s

October 8, 2025
edit post
Ørsted raises .35bn through rights issue

Ørsted raises $9.35bn through rights issue

October 8, 2025
edit post
5 Ways to Buy Rentals Without a Huge Bank Account

5 Ways to Buy Rentals Without a Huge Bank Account

October 8, 2025
edit post
How to Make the Most Money Possible from Your Rental Property

How to Make the Most Money Possible from Your Rental Property

October 8, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’
  • XRP Price Targets You Need To Know Now: Cubic Analytics
  • Elbit Systems bids to upgrade Argentinian F-16s
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.