Jamie Dimon on Inflation, Regulations, the Credit Crunch and More – JPMorgan Chase (NYSE:JPM)

JPMorgan Chase & Co. jpm CEO Jamie Dimon believes that While inflation may ease slightly, it may be more stable than people expect.

Speaking about the price hike on the earnings call following the announcement of the bank’s first quarter results, Dimon pointed out that short-term signals point to lower inflation and recession risks.

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“We don’t know what the rate curve is going to be in the year. And so, we’re being quite cautious in that, and quite thoughtful about it. Obviously, the short-term reading is a higher bearish risk, but … and then Inflation is coming down. So I think inflation will come down a bit. It could easily be more stable than people think, and therefore, the rate curve will have to go up a bit,” he said on the earnings call, according to Seeking Alpha. Transcript published on.

Shares of the bank jumped more than 7% on Friday after it reported a 25% jump in Q1 net revenue (managed) to $39.34 billion. Consensus of $36.2 billion.

credit crunch: The veteran banker also said he does not believe there will be a credit crunch, but expects a slight tightening of lending, especially in the real estate sector.

“Obviously, there’s going to be a little tightening. And a lot of it will be around some of the real estate stuff. You’ve already heard it from real estate investors. So I just kind of look at it as a thumbs up.” scale. It just makes finance conditions a little tighter, increasing the odds of a recession. That’s it. It’s not like a credit crunch,” he said in his reply to an analyst.

Dimon also cautioned that people needed to be prepared for the possibility of higher rates over a longer period of time and advised his clients that “now” would be the right time to fix a problem if they were exposed to floating rates or refinancing risks. are in contact.

“I say to all of my clients, now is the time to get it right. Don’t put yourself in a position where the risk to your company, your business, your investment pool, etcetera is excessive,” he said.

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