Dimon Pours Cold Water On US Economic Optimism, Flags Global Tensions, Financial Shifts
Portfolio Pulse from Piero Cingari
JPMorgan Chase & Co. CEO Jamie Dimon has warned against overly optimistic projections for the U.S. economy, citing potential risks such as the withdrawal of central banks’ liquidity programs, the ongoing Ukraine conflict, and excessive global government spending. Despite the U.S. economy's resilience, Dimon voiced concerns and noted that JPMorgan has been buying back shares at a reduced pace, a trend that might persist into 2024.
September 11, 2023 | 6:27 pm
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JPMorgan's CEO Jamie Dimon has expressed concerns about the U.S. economy and noted that the bank has been buying back shares at a reduced pace, a trend that might continue into 2024.
The CEO's warning about potential economic risks and the bank's reduced pace in share buybacks could negatively impact investor sentiment and potentially lead to a decrease in JPMorgan's stock price in the short term.
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