JPMorgan (JPM) CEO Jamie Dimon has warned of U.S. consumers spending down excess savings—amid a “”tighter”” economy, stopping short of projecting recession. S&P Global Market Intelligence Director for Financial Institutions Research Nathan Stoval weighs in on the CEO’s warning. Stoval believes that Dimon’s statements may be the CEO “trying to throw out some caution,”.
Hennessy Funds Portfolio Manager Dave Ellison expressed concerns about Dimon’s criticisms—fearing lower bank valuations. “”It hurts the ability of somebody like myself to make money in the space,”” notes Ellison.
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
#jamiedimon #jpmorgan #yahoofinance
Forget Jamie Dimon, the world is actually safer now with Russia is diminished after its attack of Ukraine. But we still need to get our house in order. That means electing a Speaker and ending the crippling strikes.
Poor Nathan😶
Don’t need him to say that to know lol
This man should be in jail ! Criminals
jpm is on the wrong side of market in 2023, kolanovic has been calling for 20% crash all year and market is about to make a 10-15% move into year end.
It’s almost impossible to predict the timing of a market crash. Just because Kolanovic was wrong about the timing of the crash doesn’t mean he is wrong about an eventual crash.