JP Morgan (JPM) CEO Jamie Dimon said capital markets activity has been much more robust this spring than it was in January and February
“IT’S VERY HARD TO FORECAST THE FUTURE. WE SEE THERE IS PLENTY OF ACTIVITY NOW. BOND MARKETS SEEM TO BE RATHER WIDE OPEN. THERE IS A LOT OF M&A CHATTER. IT’S OBVIOUSLY FAR BETTER IN APRIL AND MAY THAN IT WAS IN JANUARY AND FEBRUARY. AND I’M HOPING WHOEVER BECOMES PRESIDENT, THE AMERICAN ECONOMY CONTINUES TO DO WELL. I DO THINK IF THE NEXT PRESIDENT DOES THE RIGHT THINGS AROUND IMMIGRATION, CORPORATE AND INDIVIDUAL TAX REFORM, PROPER INFRASTRUCTURE SPENDING, AMERICA WILL BE BOOMING AND THAT BOOM WOULD HELP THE PEOPLE WHO NEED IT MOST. THE PEOPLE AT THE BOTTOM OF THE LADDER.”
JP Morgan (JPM) CEO Jamie Dimon said he focuses day in and day out on doing an outstanding job for their clients
“I SAY GOOD MANAGEMENT IS ALSO ABOUT THE HEART. IT’S ABOUT PEOPLE TRUSTING YOU AND PEOPLE KNOWING YOU GIVE A DAMN. AND IN OUR BUSINESS, OBVIOUSLY, I WORRY ABOUT WHAT DOES IT MEAN WHEN WE HAVE THESE – THAT WE HAVE TO PROTECT OUR COMPANY, SERVE OUR CLIENTS. SO EVERYDAY WHEN I COME IN, WE SAY TO THE TROOPS, LOOK, WE’RE GOING TO SATISFY THE REGULATORS. OBVIOUSLY, WE’RE GOING TO TAKE A LOT OF HEAT IN THE PRESS, BUT DO A GREAT JOB FOR YOUR CLIENTS. AND WE ARE DOING A GREAT JOB FOR OUR CLIENTS. WE HAVE A GREAT COMPANY AND WE’RE DOING A GREAT JOB FOR OUR CLIENTS AND THAT’S WHAT, AT THE END OF THE DAY, REALLY MATTERS.”
JP Morgan (JPM) CEO Jamie Dimon admires many of the FinTech companies coming into the marketplace to compete with his mega bank
“I AM A GREAT BELIEVER THAT IT IS A WONDERFUL THING IN AMERICA THAT PEOPLE TRY TO COMPETE WITH EACH OTHER. IT’S CALLED CAPITALISM. OF COURSE COMPANIES ARE LOOKING FOR WEAKNESSES IN BANKS AND THINGS THEY CAN DO FASTER. BUSINESS GROWS WHEN THEY CAN DO SOMETHING BETTER, FASTER, QUICKER OR CHEAPER FOR A CUSTOMER. AND IF THEY CAN DO THAT BETTER THAN ME, SO BE IT. I HAVE TO LEARN TO GET BETTER OR I LOSE.