Trump, Tariffs and Jamie Dimon
· 8h · on MSN
JPMorgan Chase CEO Tells People To 'Get Over' Inflation From Trump Tariffs
· 7d
JPMorgan Chase's Jamie Dimon praises 'resilient economy' but he's wary about inflation and geopolitics
Worried About Trump’s Tariffs? JPMorgan’s Jamie Dimon Says You Shouldn’t Be
Experts have warned that Trump’s tariffs, which he’s said could also include a 10 percent tariff on all foreign goods, could send domestic inflation through the roof and trigger trade wars abroad. For private sector leaders, the cost of doing business would likely rise—increases which would then probably be passed down to consumers, too.
Amid Trump-fueled euphoria, the Wall Street giant's longtime CEO asserts growth remains "the only real solution" to reducing risks from deficits.
Jamie Dimon, the chief executive of JPMorgan Chase, said in a statement alongside the bank's fourth-quarter earnings that the U.S. economy “has been resilient” and that businesses appear more upbeat.
JPMorgan Chase is facing inflationary pressures and is implementing efficiencies to counteract it, while maintaining flat headcount through 2025. The company remains optimistic but has not observed a significant loan growth yet.
Better bank earnings and inflation readings sent bond and stock prices higher. Earnings and politics will likely have the most significant impact on markets this week.
Sheer size doesn't guarantee future growth, though. Indeed, the bigger the organization gets, the more difficult it can be to find new ways to tack on even more size. For any company to be the basis for a life-changing investment, it must be able to firmly outpace the mere rising tide of inflation and population growth.
JPMorgan Chase & Co. (NYSE:JPM) shares are trading nearly flat premarket after it reported fourth-quarter FY24 results. Reported revenue rose 11% year-on-year to $42.8 billion. Net revenue (managed) was $43.
Financial writer discusses JPMorgan Chase's strong results, Federal Reserve policies, and how they impact future banking stock performance.
US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.
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