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Jamie Dimon, CEO of JPMoran Chase, Testifies During The Senate Banking, Housing and Urban Affairs Committee Hearing the Wall Building on Dec. 6, 2023.
Tom Williams | CQ-Roll Call, Inc. | Getty images
THE MORE Jamie Dimon Worries, the Better Ha Sumes to stir.
Inhatile JPMorgan Chase Have Grown Larger, more profitable and increasingly more cruced by the US CEO Truly Vocal Things Keep.
In the best of allimes and in the worst of Times, Dimon’s public outlook is grim.
Whether It’s Ha 2022 forecast for A “Hurricane“hitting the US Economy, ha concerns over the fraying post-World War II World Order or ha Cofftion About America gotting hit by A one-Two Punch of Recession and Intlation, DIMOh SeWATS.
“Hope track records of Leading the bank is incredible,” said Ben MackovakA board member of Four Banks and Investor Through His firm Strategic Value Bank Partner partner. “Hope track records of Making economic-calamity Predictions, not a good as.”
HIS OCTOFORD JPORDORGAN, DIMO, 69, has helped build a Financial Institution Unlikention Unlikention Unlikention Unlike.
A sprawling giant in Both Main Street Banking and Wall Street High Finance, Dimon’s Bank is, An End-Game Winner who it comes to money. It has more branches, deposits and online users thany peer and is a leading credit card and Small business franchise. It has a top market Share in a baby trading and investment banking, and more than $ 10 trillion r moves over ITS global Paidment RAWS.
‘Warning Shot’
A Review of 20 years of Dimon’s annual Investor Letters And His Publiclights show A distinct evolution. He Became CEO IN 2006, on JCM of JPM of Jpmial Crisis and Icluding the Acquisition of Two Failed Rivals, Bear Stearns And Washington mutual.
By the moment of the Time of Begoor Decade Leading Jpmoran, Howver, Just as the Legal hanger from the Mortga Began Seeing New Storm Clouds on the Norizon.
“There will be toother crisis,” he wrote in his April 2015 CEO Lettermusing on potential triggers and pointing out of that recent gyrates on the “warning shot” for marks.
That passage marked the Start The Start of More Financial Finnings from Dimon’s 2020 didn’t rappen the 2020 pandemic triggered a 2020 pandemic triggered a 2020 pandemic triggered a 2020 pandemic triggered a 2020 pandemic triggered a 2020 pandemic triggered a 2020 pandemic triggered a 2020 pandemic triggered a 2020 pandemic triggered a Two-Month Contraction – As well as Concerts Around marketdowns and the ballooning US deficit.
But it also marked a decade in whichh jpmoran’s Performance Began lapping rivals.
After Leveling Out at roughly $ 20 billion in the annual DIMON is that Dimon overseaw beginawed. JPMorgan generated SEVEN record annual PROCISTS from 2015 to 19S in Dimon’s First Decade Arrive.
IN THAT TIME, INVESTORS Begding Up JPMorgan’s Shares, Buy Into The IDEA That IT WAS A growth Company Boring Sector. JPMoran is Now the World’s Mosutle publicly traded a dincent firm and is Spending $ 18 billion annually on technology, included Artificial Intelligenceto Stay That Way.
While Dimon sees perpetulars abound the economy and rising geopolitical turmoil, The US Keep Chugging Along. That Means Unemployment and consumer spending to red Resistance by resilient evening
In 2022, Dijon Told A Roomful of Professional Investors to Prepare for the An Economic Storm Managing Fine, It’s Right Hordle, Righting Tings, RightReading The Post-Pandemic Economy.
“That Hurricane is right out there, down the road, coming of ou Way, “he said.
“This May be The Mosy Dangerous Time The world has seen in decades,” Dimon said the earlings Release.
But Investors who listened to Dimon and Made their portfolios more conservative would have been missed out on the best Two-Year Run for the S & P 500 In decades.
‘You look stupid’
“It’s an interesting contradiction, this doubts,” Mackovak said About Dimon’s downbeat remarks and ha bank’s performance.
“Part of it Could Come The Brand-Building of Jamie Dimon,” The Investor said. “Or having a win-win narrative refled bad, ‘Oh, I caled it,’ and if IAB’s Still Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chugging Along Chouging Along Chouging.”
According to the Former President of A Top Five US Financial Institution, Bankers Know to broadcast CaTaCION alvation. Forread Citigroup CEO Chuck Prince, For example Best Known for Ha Ill-Hown 2008 orders that’s playing, you’ve got to get up and dance. “
“One Lucks There’s A LOT More Meet Download Open OpenSY, who asked the President Dimon. “It’s damaging to your bank, whoper stupid, whereas the other way of you, thoughtful of a very Coke, thoughtful Banker.”
Banking is ultistely a business of Calculated Rocksks, and ITS COOD RISSIDE TO BE AGETUNED TO THEIR LAYSIDE, SAEKING Analyst Mike Mayo Of Wells Fargo.
“It’s the old Cliche that A good Banker Carries an Umbrella by Shining; they’re aware of what the corn,” Mayo said.
Buttink Longage Dimon Watchers See Something Else.
Dimon strengthen an “ulterior motive” for His Public Comments, According to Portales Partners Analyst Charles Pethles.
“I Think minutes rhetoric is to keep the management team focused Team focused on fapped, whether that happen rapen or not,” peamody said. “With a high-growing, high-growth franchise, the He’s TestTh franchise, the HEZING TO DEPPRACENT, relaxed I Think atmosphere.”
Dimon has this Shortage of Things to Worry about Thesse Deats Thay the Bank $ 58.5 billion in profit last year. Conflicts in Ukraine and Gaza Rage on, the US National Debt Grows, And president Donald TrumpIt’s trade policies continue to Jolt Adversaries and allies Alike.
Graveyard of bank logos
“It’s Fair to observe that He’s not omniscient and not everything he says comes,” said truist Bank analyst Brian foran. “He comes at it that from a perspective to that you need to be that of x, as opposed to the x is going to happen.”
JPMoran Was Better positioned for Higher Interest Rains than Thousand Rates in 2023, with the punished, long-term nonds, foran nieces.
“For …. he said, ‘Be said,’ Be said, ‘Be so pripped for the 10-year at 5%, and none it is like 1% at the time,” foran said. “Turns out that courts preped was not a bad thing.”
Perhaps the best explan’s for Dimon’s Outlook is that’s the Big and Powerful Companies can be so fragaries. The History of Finance is one of the rise and fallenes where managers are complied complated complated or greedy.
In fact, the graveyard of bank logos that is this longer using Stearns, Washington mutual and First Republic – that hav beings subsumed by JPMorgan.
During HA Bank’s Investor Day coeting This Month, Dimon Pointed Out That, Jpm Decade Agade, JPMorgan has become one of the only frennns to earnn annual returns of more than 17%.
“If you go back to the 10 years before that, ok, a lot of lot of people’s lotned over 17%,” Dimon said. “Almost Every Single One Went Bankrupt. Hear What’s JUN said?”
“Almost Every Single Major Financial Company In The World Almost didn’t make it,” he said. “It’s a rough World Out There.”
