JPMorgan Chase CEO Jamie Dimon issued a stark warning at the bank's annual investor day, according to CNBC. He stated that markets display "extraordinary" complacency amid growing threats from tariffs, deficits, and geopolitical instability. Dimon said the likelihood of stagflation is "roughly double" what investors assume, and predicted that S&P 500 earnings growth could drop to zero within six months. He criticized central banks as overconfident and highlighted U.S. fiscal issues following Moody’s downgrade. JPMorgan reaffirmed its 2025 guidance, forecasting $90 billion in net interest income, though investment banking fees are expected to decline in the second quarter. Dimon also reiterated plans to step down as CEO in the coming years.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02JP Morgan Chase CEO Jamie Dimon issued a stark warning at the bank's annual investor day,
00:07according to CNBC, stating that markets are displaying extraordinary complacency
00:11amid growing threats from tariffs, deficits, and geopolitical instability.
00:16Dimon said the likelihood of stagflation has roughly doubled what investors assume,
00:20and predicted that the S&P 500 earnings growth could drop to zero within six months.
00:24Courtesy Central Bank is overconfident in highlighting U.S. fiscal issues,
00:28following Moody's downgrade.
00:30JP Morgan reaffirmed its 2025 guidance, forecasting $90 billion in net interest income,
00:35though investment banking fees are expected to decline in the second quarter.
00:38Dimon also reiterated plans to step down as CEO in the coming years.
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