{"id":32330,"date":"2022-06-01T17:21:07","date_gmt":"2022-06-01T17:21:07","guid":{"rendered":"https:\/\/harchi90.com\/jpmorgans-dimon-says-storm-clouds-are-now-a-hurricane-down-the-road-nyse-jpm\/"},"modified":"2022-06-01T17:21:07","modified_gmt":"2022-06-01T17:21:07","slug":"jpmorgans-dimon-says-storm-clouds-are-now-a-hurricane-down-the-road-nyse-jpm","status":"publish","type":"post","link":"https:\/\/harchi90.com\/jpmorgans-dimon-says-storm-clouds-are-now-a-hurricane-down-the-road-nyse-jpm\/","title":{"rendered":"JPMorgan’s Dimon says ‘storm clouds’ are now a ‘hurricane down the road’ (NYSE: JPM)"},"content":{"rendered":"
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Alex Wroblewski \/ Getty Images News<\/p>\n<\/figcaption><\/figure>\n<\/p>\n

Addressing the economic outlook, JPMorgan Chase (NYSE: JPM<\/span>) CEO Jamie Dimon said Wednesday, “We’re bracing ourselves.”<\/p>\n

He’s referring to risks to the economy such as the Russian invasion of Ukraine. At a previous conference, he called those risks “storm clouds, “now he’s saying:” It’s a hurricane. That hurricane is right there, down the road, and coming our way. We don’t know if it’s a minor storm or if it’s a Superstorm Sandy. “<\/span><\/p>\n

JPMorgan (JPM) stock is falling 1.8% <\/span>in midmorning trading.<\/p>\n

Update at 10:50 AM ET<\/strong>: “Part of that hurricane is higher oil prices,” he said. “I’m watching the train coming down the tracks and I’m very sad about it.”<\/p>\n

He also spoke about the number of publicly traded companies declining. “We’re driving public companies out of the market,” Dimon said, commenting that litigation has forced some companies to go private.<\/p>\n

Earlier in the conversation: As for the bank’s business, “loan growth looks pretty robust right now,” Dimon said during the Bernstein Strategic Decisions Conference.<\/p>\n

He explained that the reason for the company to originate loans is to provide an entire range of services to its customers. “Why not just have no people and buy the loan?” he said. “Loans are an outcome of growth.”<\/p>\n

In addition, he said net interest income next year will be a “nice kicker” for us.<\/p>\n

Private borrowers may be stranded as financial conditions tighten in response to the Federal Reserve’s quantitative tightening, he said. <\/p>\n

Previously (May 23), JPMorgan (JPM) upped its net interest income guidance at its investor day event and said recent development had increased the risk of “future adverse outcome” even though the US economy remained “fundamentally strong.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Alex Wroblewski \/ Getty Images News Addressing the economic outlook, JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon said Wednesday, “We’re bracing ourselves.” He’s referring to risks to the economy such as the Russian invasion of Ukraine. At a previous conference, he called those risks “storm clouds, “now he’s saying:” It’s a hurricane. That hurricane is …<\/p>\n

JPMorgan’s Dimon says ‘storm clouds’ are now a ‘hurricane down the road’ (NYSE: JPM)<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":32331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/1136153634\/image_1136153634.jpg?ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/1136153634\/image_1136153634.jpg?io=getty-c-w750","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/32330"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=32330"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/32330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media\/32331"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=32330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=32330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=32330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}