Slatestone Wealth Chief Market Strategist Kenny Polkari discussed how investors should deal with negative market news on earning money.
JP Morgan Chase CEO Jamie Dimon Along with the effect of tariffs, the geopolitical headwind is carefully urging the approach to the American economy amidst constant uncertainty on the influence of the headwind.
Dimon said in an interview on Wednesday morning, “I think you are careful on that one (on economic impact), because some of these things have long cycles. So we do not know yet. People are expecting these things.
Dimon warned that the economic influence of the tariff, change in immigration policy, geopolitical challenges as well as tax and expenses change in the President Donald Trump’s A large beautiful bill act can be seen.
In an interview on Tuesday, JP Morgan’s CEO warned him that “the economy is weakening.”
“Whether it is on the path of recession or just weak, I don’t know,” that Told CNBC.
His comments of this week came after the summer before the summer that the economic situation may soon deteriorate, which indicates the abandoned weakening of the labor market and increase in inflation as well as reduce trade and consumer confidence. Dimon said at the time that he hoped that there would be only one “slight” to fall in employment and increase inflation.
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Jamie Dimon, CEO of JP Morgan Chase, said that “be careful” about the economic approach for the US because many plays a policy changes. (Cris Ratcliffe / Bloomberg Getty Image / Getty Image)
On this week’s podcast, Diman said that he believes that banking industry Will undergo more consolidation, but reduced the possibilities of JP Morgan Chase, who bought banks in America or abroad.
Dimon said, “We are not allowed to buy a bank in the United States. If we wanted, we can be abroad, but I might not.”
The firm is starting a digital bank in Germany in 2026 after establishing the appearance in the United Kingdom.
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Dimon said that JP Morgan Chase is not looking to buy a bank abroad. (Michael Nagle / Bloomberg Getty Image / Getty Image)
Dimon has run the largest American bank for more than 19 years and has chosen against a time -term for its final retirement, but provided insight on its potential successor.
He said that JP Morgan Chase Next CEO There will probably be an internal formula, while he steps into the role of the chairman of the board.
“This is when they are ready and it’s time for me to leave – or some combinations of both,” Dimon said. “I have a great relationship with all the people here. The board is likely to make me president for a few years.”
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Dimon refused to offer a timeline to step as CEO of JP Morgan Chase. (Tom Williams / CQ-Roll Call, Ink Getty Image / Getty Image)
Last year, Dimon said he expects to leave JP Morgan Chase within the next five years, although he did not offer a specific timeline.
JP Morgan’s board identified in April 2024 Potential successor for Dimon On a short and long -term basis.
Daniel Pinto, the chairman of the bank and the Chief Operating Officer, who is ready to retire at the end of 2026, was identified as a potential short -term CEO. Pinto was the CEO of acting in 2020 when Dimon performed emergency heart surgery.
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Jennifer Peepszak and Troy Rohrabag are candidates for the top job when Dimon eventually departs. He is the co-CEO of the firm’s extended commercial and investment bank. Piepszak has been with the firm for almost three decades, and Rohrbow has worked for JPMORGAN since 2005.
Other candidates identified by the board include Marien Lake, Consumer and CEO of Community Banking and Mary Edo, CEO of Asset and Wealth Management.
