Jamie Dimon Just Gave Investors a Big Warning -- Should You Be Worried?
JPMorgan Chase (NYSE: JPM) recently kicked off earnings season for the big U.S. banks, and for the most part, the numbers looked strong. The megabank beat analyst expectations on both the top and bottom lines. Earnings and revenue grew by 25% and 20%, respectively, year over year, and investment-banking revenue jumped by more than 50%.
While the earnings results generally looked strong, it's important to note that CEO Jamie Dimon had some cautionary words for investors. With the recent surge in market optimism due to signs that inflation could finally be under control, investors might want to hear what Dimon has to say before jumping head first into inflation- and rate-sensitive stocks.
For the second quarter, JPMorgan Chase posted generally strong numbers throughout its business. Revenue grew by 20% year over year led by investment banking fees and 21% growth in equities trading revenue.
Source Fool.com
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