Jamie Dimon's Inflation Warning: Here's What JPMorgan Investors Should Do.
JPMorgan Chase's (NYSE: JPM) quarterly earnings beat analysts' revenue and earnings expectations and illustrated the strength of the company's fortress balance sheet, which was well-positioned for today's higher-interest-rate environment. CEO Jamie Dimon discussed the bank's triumphs in the quarter, including its growing retail deposits, adding market share in investment banking, and growth of its assets under management.
Despite the company's success, Dimon was measured and cautioned investors about ongoing inflation and interest rates going even higher. Here's what he had to say and what he suggests JPMorgan investors should do from here.
Dimon discussed conflicts in Ukraine and Israel, saying that the recent attacks "may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships" and that it "may be the most dangerous time the world has seen in decades." He remains cautious about inflation and interest rates, as well.
Source Fool.com
JPMorgan Chase & Co. Stock
The stock is an absolute favorite of our community with 34 Buy predictions and no Sell predictions.
On the other hand, the target price of 203 € is below the current price of 203.4 € for JPMorgan Chase & Co., so the potential is actually -0.2%.
