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JPMorgan's Jamie Dimon On U.S. Economy: 'It's Going To Get A Little Bit Worse'

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Shares of JPMorgan Chase & Co. (NYSE: JPM) were trading higher by nearly 3 percent mid-Thursday afternoon after the company reported its fourth quarter results.

Following JPMorgan's print, the company's CEO Jamie Dimon hosted a conference call and was fielded questions on the state of the U.S. economy.

According to The Wall Street Journal, Dimon argued that the economy in its current state is "as good as it's ever been." However, the executive added that "obviously it's going to get a little bit worse."

Dimon further added that the risk of a recession is unlikely but a declining commodity market and continued woes in China needs to "settle down" and that hopefully these ongoing concerns "is not the beginning of something really bad."

 

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Posted-In: bank earnings China Commodity Prices Jamie Dimon JPMorganNews Intraday Update Markets

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