JPMorgan Chase CEO Jamie Dimon says monetary markets resemble the interval simply earlier than the 2008 international monetary disaster.
On the financial institution’s Firm Replace 2026 in New York, Dimon mentioned he’s seeing rising complacency round excessive asset costs and volumes.
“Sadly, we did see this in ’05, ’06 and ’07, nearly the identical factor. The rising tide lifting all boats, everybody was making some huge cash, individuals leveraging to the hilt. The sky was the restrict…
My very own view is individuals are getting just a little snug that that is actual. These excessive asset costs and excessive volumes – that we gained’t have any form of downside by any means.”
Dimon, who plans to stay CEO for just a few extra years, additionally highlighted intensifying competitors from returning rivals.
“All of our essential opponents are again in the USA, in Europe. The Japanese are again. I imply, everybody’s again. It’s good for the world, et cetera.
I don’t know the way lengthy it’s going to be nice for everyone. I see a few individuals performing some dumb issues.”
The occasion’s yearly overview presentation listed elevated asset costs as a key macro threat.
JPMorgan Chase tasks 2026 web curiosity revenue of roughly $104.5 billion and firm-wide expertise spending of $19.8 billion, a roughly 10% enhance from 2025.
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