Jamie Dimon, JPMorgan Chase and recession
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We’re not sure whether Dimon brought this on by voting for Trump, who insisted Dimon had endorsed him during the campaign, but Dimon denied it. Still, as a supporter of the first Trump administration, Dimon might have eventually pulled the lever for Trump.
JPMorgan on Tuesday lowered its odds of a recession this year from 60% to below 50%, meaning the U.S. is more likely to grow in 2025 than enter a downturn. Similarly, Goldman Sach
Dimon's call for swift trade negotiations reflects urgency, as prolonged uncertainty could amplify negative effects, making them harder to reverse.
JPMorgan Chase said on Monday it was estimating the card services net charge-off rate, or the percentage of credit card debt the bank believes will not be repaid, to be between 3.6% and 3.9% for 2026.
Tariffs, volatility, and fading investor confidence--why JPMorgan's CEO says the risk of recession is still real
Billionaire and hedge fund legend Steve Cohen reportedly believes that the US economy is not yet over the hump despite positive developments over the last few weeks.
JPMorgan Chase shares slid after the bank told investors its investment banking fees would decline this quarter and CEO Jamie Dimon said his succession plans were unchanged.
The largest US lender also said it might earn more from interest payments this year despite decline in the second quarter on Monday.