Reported 4 days ago
In a challenging economic climate, Jamie Dimon, CEO of JPMorgan Chase, highlighted the uncertainty facing banks and investors due to unpredictable policies from the Trump administration. As major banks like JPMorgan, Wells Fargo, and Morgan Stanley reported earnings, they expressed concern over consumer and corporate hesitance amid fears of trade wars and economic downturns. Dimon noted that while there is significant capital available, many companies are slowing down on expansions and hiring, waiting to see how the economic situation will unfold.
Source: YAHOO