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

Shares of JPMorgan Chase & Co. 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."
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Newsbank earningsChinaCommodity PricesJamie DimonJPMorgan
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!