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So Jamie Dimon is always in the economy so gloomy


JPMorgan Chase Jamie Dimon, Senate Banking, Housing and Urban Affairs Committee, Wall Street’s annual control title, December 6, 2023 in Hart building.

Tom Williams | CQ-Roll Call, Inc | Getty pictures

More Jamie Dimon Anxiety seems to be how good the bank is.

Like JPMORGAN CHASE In recent years, it has increased more vocals for the US economy, greater and increased more and more vocals that the leader of his star can go wrong – everything continues for the bank.

In the best periods and worst times, Dimon’s public outlook is Grim.

Whether he forecast for 2022 “Hurricane“To hit the US economy, war of war or its caution About America is multiplied by a couple of punches and inflation, Dimon seems to be an investor measure with each earnings sheet, television view and another terrible warning.

“The Leading Tracking Record is incredible,” he said Ben MackovakA member of the board of four banks and investors, with a solid strategic value bank partner. “Economic-Muslim forecasts are not good, not good.”

In the two decades, JPMorgan, 69, Dimon, helped the construction of any financial institution he saw in the world.

Both Main Street Banking, both Wall Street High Finance, Dimon’s Bank, is a giant giant containing their own words, the last game winner when it comes to money. There are more branches, savings and online users from any peers and a leading credit card and small business franchise. There is the best market share in both trade and investment banking and moves over 10 trillion dollars on daily global payment rails.

‘Warning stroke’

Review of Dimon’s annual investor 20 years letters And its public disclosures show a different evolution. He became the General Director in 2006 and JPMorgan’s first decade of Helm, the US housing crust and 2008 was the purchase of the two failed opponents, including two failed opponents, including Jerk And Washington interact.

When he led the second decade in time, JPMorgan began to sue the mortgage crisis, as Dimon began to see a new storm clouds on the horizon.

“There will be another crisis,” he wrote the CEO in April 2015 letterAccording to potential triggers and the US debt was a “warning stroke” for the markets of recent brides.

This transition has not occurred more often than Dimon, the beginning of financial warnings, including the concerns of a recession – 2020 pandemia two-month contraction – As the concerns around the Sunday melting and the U.S. deficit of the chart.

However, this celebrated JPMorgan’s ten-year to test his performance.

After being corrected at about $ 20 billion in the annual income for several years, the lemon’s bragging slider was really stepped. JPMorgan has since since 2015 since 2024 since 2024, since 2024, the first decade of Dimon’s first decade.

At that time, investors began to aggressively offer JPMorgan’s shares aggressively, but the idea that this was a bored sector, buying the idea that it was a growth company. JPMorgan is now a world’s most valuable financial firm and is spent on technology worth $ 18 billion every year, including technology artificial intelligencestay in this way.

Although Dimon appears to worry about the eternal concern and geopolitical confusion from the economy, it holds with the United States. This was more firmer than expected, unemployment and consumption was firmer, which allows JPMorgan to bring a record profit.

In 2022, Dimon said that a professional investor prepared for an economic storm.

“That Hurricane Lower from the road, our way, our way is above our way, “he said.

“This could be the most dangerous time in the world in decades,” Dimon said in a profit next year release.

However, they listened to Dimon and missed their portfolios better than the best two-year run for investors they make more conservatives S & P 500 in decades.

‘You look stupid’

“This is an interesting conflict,” Mackovak said, “Mackovak dimon has reduced Dimon and his performance.

“Some of it can be Jamie Dimon’s brand,” the investor said. “Or if something is bad, take a victory narrative, ‘Oh, I called him’ and if not, your bank still hugs.”

According to the former president of the first five US financial institutions, the bankers know that higher warns of optimism. Past Citigroup For example, CEO Chuck Prince has the best known for the comments on the 2007 mortgage work “until the music played” get up and dance

“If someone is very optimistic and you are wrong, it learns that your reputation is a more conscious side,” he said, the former president who asked the Dimon to be anonymous to discuss. “It hurts your bank and look stupid, you look like you’re just a very careful, thoughtful banker.”

Banking is the result of the calculated risks, and his CEOs were likely not to be paid with his loans, bank analyst Mike Mayo said Wells Fargo.

“The umbrella is a umbrella when a good banker’s sun shines; they always look at the corner, they always know they can go wrong,” said Mayo.

But the other long period of dimon watches see something else.

Dimon has “Ulıccı Motiv” for public comments according to the analyst of the Porties Charles Peabody.

“I think that the rhetoric management team said, although the leadership team is directed to future risks, he said,” Peabody, “he said, with high growth franchise.

Dimon, these days these days, despite a record record of a record of a record last year last year, there are no concern these days. Conflicts in Ukraine and Gaza, the US national debt and the president grows Donald TrumpTrade policies continue to miss the same opponents and allies.

Cemetery of bank logos

“It is fair to observe that it is not an olment and whatever he says is not everything he said,” Truist Bank Analyst Brian for. “It’s more than a prospect that you need to be ready for x, because we are against the fact that X will happen.”

JPMorgan, the majority of the majority of their peers took a better position for the highest interest rates, and the rates were punished and punished when the rates punish and lower-term bonds.

“For many years, he said,” Get ready in 5% of 5%, and we all thought it was crazy, because it was like 1%. “It was not a bad thing to be prepared.”

Perhaps the best explanation for Dimon’s DOUB’s Dour Outlook is how big and powerful JPMorgan can be brittle than financial companies. Financial history is one of the rise and drop in institutions when sometimes managers are satisfied or stinged.

In fact, the cemetery of bank logos, which is no longer unused, interacts three months Stearns, Washington The first Republic – This remained single by JPMorgan.

During the bank Investor’s Day Meeting This month Dimon has been one of the only companies to earn more than 17% of annual income in the last ten years.

“You return 10 years ago, well, a large number of people earned more than 17%” Dimon gossip. “Almost each has been bankrupt. Just hear what I said?”

“Almost every major financial company in the world is almost not doing it,” he said. “There is a rough world.”

Jpmorgan Investor Day today: Who will succeed in CEO Jamie Dimon?



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