JPMorgan Chase CEO Jamie Dimon has warned President Trump that the US financial system is going through “considerable turbulence” from his threats to begin a worldwide commerce warfare.
“The economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and ‘trade wars’, ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility,” Dimon stated. “As always, we hope for the best but prepare the firm for a wide range of scenarios.”
Dimon made his feedback in a submitting as America’s greatest financial institution reported a 9% enhance in income for the beginning of 2025, registering $14.6 billion in internet earnings for the primary quarter of 2025.
That’s up from $13.4 billion for a similar interval a yr and beat analyst expectations of $13.6 billion.
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