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0 0.000494722955145231 -0.00211081794195246 0.000824538258575198 -0.000606200527704362 0.000267810026385303 -0.00762598944591016 -0.00316622691292869
Stock impact report

Jamie Dimon warns of pre-financial crisis parallels, says some people doing ‘dumb things' [FOX Business Network]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
JPMorgan Chase CEO Jamie Dimon issued a warning that some of the conditions in financial markets are reminding him of the years leading up to the 2008 financial crisis. "Unfortunately, we did see this in '05, '06, '07, almost the same thing," Dimon said Monday in remarks at JPMorgan Chase's annual investor day . "The rising tide was lifting all boats, everyone was making a lot of money, people leveraging to the hilt. The sky was the limit." "I think today, the rising tide is lifting all boats. My own view is people are getting a little comfortable that this is real – these high asset prices and high volumes and that we don't have any kind of problem whatsoever," he added. "I don't know how long it's going to be great for everybody. I see a couple of people doing some dumb things. They're just doing dumb things to create [net interest income]," Dimon added without referencing any specific institutions, while noting that JPMorgan Chase is being "quite cautious" and that the firms Show less Read more
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