Latest news with #Jamie Dimon
Bloomberg
15-07-2025
- Business
- Bloomberg
JPMorgan's Jamie Dimon Says the Rush Into Private Credit May Have Peaked
By and Paige Smith Save The biggest US bank isn't itching to buy a company in Wall Street's hottest market. 'You may have seen peak private credit,' JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said on a Tuesday call to discuss second-quarter earnings. 'A little bit,' he added as a caveat, 'I don't know.'
Yahoo
14-07-2025
- Business
- Yahoo
JPMorgan Q2 Earnings Preview: Reading the Consumer Pulse
JPMorgan Chase & Co. (NYSE:JPM) will post Q2 results before the bell on 15 Jul 2025. Given its vast branch and card network that touches millions of households, investors often treat the bank and CEO Jamie Dimon's remarks as an early read on consumer sentiment. They are also keen to hear Dimon's views on tariffs and their potential impact on the economy. Street consensus points to EPS of $4.48 and revenue of $43.9 billion. Ahead of the print, the stock has risen 20% year-to-date and now sits about 3% below the early-July record high, so expectations are elevated. Investors will focus on whether net interest income remains resilient and how much wage inflation and technology spending weigh on expenses. Management last quarter guided for FY 2025 NII "around the mid-$90 billion area," so any tweak could steer estimates. Credit costs warrant attention after Dimon recently put recession odds near 50%. On rates, the 2s-10s yield curve has moved from last year's inversion to a modest 53 bp slope. That is steeper than six months ago but still flatter than the long-run average near 150 bp, which means margin tailwinds are tapering even as trading desks may welcome the extra volatility. Commentary on deposit betas, card-spending trends, and capital returns against Basel III Endgame targets will set the tone for the sector. This article first appeared on GuruFocus. Sign in to access your portfolio
Wall Street Journal
14-07-2025
- Business
- Wall Street Journal
Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It
Jamie Dimon says Wall Street's hottest trend is a recipe for a financial crisis, but he's investing billions to get in on it anyway. His plan: swoop in strategically and profit if there's a meltdown. In the ballroom of the swanky Loews Hotel in Miami Beach, Dimon got on stage in front of hundreds of clients in February to talk about the boom in unregulated lending to highly indebted companies. This fast-growing market has been sidelining big banks for years, and JPMorgan Chase's JPM -0.46%decrease; red down pointing triangle chief executive said it reminded him of the craze in subprime mortgages that sparked the 2008 financial crisis.
Russia Today
11-07-2025
- Business
- Russia Today
Europe is losing
Western Europe is 'losing' the economic competition with its main rivals, China and the US, and is struggling with a shortage of globally competitive companies, JPMorgan Chase CEO Jamie Dimon has 2022, when the EU imposed sweeping sanctions on Russian energy over the Ukraine conflict, growth across the bloc has stagnated. Germany, once its economic powerhouse, is now experiencing its third year of economic has argued that EU restrictions are self-defeating, causing surging energy prices and weakening the bloc's CEO of one of the world's largest banks, cautioned EU leaders at an event in Dublin hosted by the Irish Foreign Ministry on Thursday that Europe has lost its competitive edge compared to the US and is facing a growing crisis in economic competitiveness.'You're losing,' he said. 'Europe has gone from 90% [of] US GDP to 65% over 10 or 15 years.''We've got this huge strong market and our companies are big and successful, have huge kinds of scale that are global. You have that, but less and less.' The JP Morgan boss has repeatedly expressed concerns about the state of Europe's economy. Earlier this year, Dimon told Financial Times that Europe needed to 'do more' to remain competitive, noting that GDP per person had dropped from around 70% of America's to 50%, which he deemed 'not sustainable.'Dimon's warning comes as European NATO members say they need to ramp up their military budgets to deter an alleged threat from Russia. NATO countries have recently pledged to raise defense spending to 5% of GDP over the next decade, more than double the longstanding target of 2%.Moscow denies posing any danger to these nations, accusing Western officials of exploiting fear to rationalize budget increases and cover a decline in living standards.
Telegraph
10-07-2025
- Business
- Telegraph
JP Morgan chief's message to Europe: ‘You're losing'
Europe is 'losing' the fight for economic supremacy against its main rivals China and the US, and faces a drought of globally competitive companies, the head of JP Morgan has warned. Jamie Dimon, chief executive of the world's biggest bank, warned EU leaders that the trading bloc had lost its edge compared to America. 'You're losing,' he told an event organised by Ireland's foreign ministry. 'Europe has gone from 90pc US GDP to 65pc over 10 or 15 years. That's not good. 'We've got this huge strong market and our companies are big and successful, have huge kinds of scale that are global. You have that, but less and less.' Mr Dimon is one of the world's most influential bankers, having led JP Morgan for almost two decades since taking over as chief executive in 2006. The JP Morgan boss has repeatedly voiced concerns about the state of Europe's economy, while calling on the EU to boost its economic growth. In April, Mr Dimon told the Financial Times that Europe needed 'to do more' to stay competitive. 'The GDP per person has dropped from something like 70pc of America to 50pc. That's not sustainable,' he said. 'I think Europe has already recognised it needs to change its own rules, regulations, and guidelines if they want to grow faster.' His comments come as EU leaders seek to kickstart the bloc's economy following more than a decade of underwhelming growth since the 2008 financial crash. In a 400-page report last year, Mario Draghi, the former president of the European Central Bank, warned of a widening gap between the size and strength of Europe and America's economies. In response, Mr Draghi's report called for an extra €750bn (£646bn) to €800bn worth of investment in the EU's economy each year to help secure the bloc's future competitiveness. The report warns that the EU faces an 'existential challenge' due to its weak economy, which it blames on slow development of its technology industry. The Draghi report adds that the abrupt loss of cheap gas supplies from Russia due to the war in Ukraine is now making the situation faced by the EU even worse. The JP Morgan chief has also been a vocal critic of Brexit, including warning that the UK's exit from the EU could see jobs in the City moved to European financial centres including Paris, Frankfurt and Amsterdam. In his annual letter to investors in 2021, Mr Dimon said: 'In the short run (i.e. the next few years), [Brexit] cannot possibly be a positive for the UK's GDP.' A JP Morgan spokesman declined to comment further on Mr Dimon's remark.
