Credit Quality at JPMorgan Chase Is Clean as a Whistle. So, Why Is Jamie Dimon Worried?
JPMorgan Chase's (NYSE: JPM) CEO Jamie Dimon is not one to mince words. Within the last several months, we've already heard Dimon tell investors to brace for an economic "hurricane."
Even more recently, Dimon said the U.S. economy will find itself in a recession within the next six to nine months, and that while he doesn't know for sure, he could easily see the S&P 500 falling another 20%.
But none of that could be seen in JPMorgan Chase's third-quarter earnings report. Credit quality looked squeaky clean and the balance sheet is also still near historical lows in terms of loan losses and delinquencies. So, what is Dimon so worried about? Let's take a look.
Source Fool.com