{"id":3271,"date":"2020-05-27T08:04:29","date_gmt":"2020-05-27T08:04:29","guid":{"rendered":"https:\/\/www.maxlee.info\/blog\/?p=3271"},"modified":"2020-05-28T08:07:39","modified_gmt":"2020-05-28T08:07:39","slug":"j-p-morgans-jamie-dimon-you-could-see-a-fairly-rapid-recovery","status":"publish","type":"post","link":"https:\/\/www.maxlee.info\/blog\/news\/j-p-morgans-jamie-dimon-you-could-see-a-fairly-rapid-recovery\/","title":{"rendered":"J.P. Morgan\u2019s Jamie Dimon: \u2018You could see a fairly rapid recovery\u2019"},"content":{"rendered":"

The influential head of the largest U.S. bank says he\u2019s prepared for a tougher road ahead due to the global pandemic, but optimistic that things will get better.<\/p>\n

<\/p>\n

\"Jamie
Jamie Dimon, Chairman & CEO of J.P. Morgan Chase & Co, speaks during the Bloomberg Global Business Forum in New York on September 25, 2019.<\/figcaption><\/figure>\n

Published: May 27, 2020 at 4:59 a.m. ET, By Barbara Kollmeyer<\/p>\n

J.P. Morgan Chase JPM Chief Executive Jamie Dimon said he was hopeful over his \u201cbase case\u201d for an improving economy in the second half of the year, in comments made at a financial services conference, according to CNBC<\/a>.<\/p>\n

\n\u201cI give it some pretty good odds.\u201d\u2014 J.P.MorganChase CEO Jamie Dimon\n<\/p><\/blockquote>\n

\u201cYou could see a fairly rapid recovery,\u201d he said, adding that he was hopeful over businesses reopening after lockdowns. \u201cI think that\u2019s got a good chance.\u201d<\/p>\n

\u201cThe government has been very responsive, the Federal Reserve has been very responsive. Large companies have a huge wherewithal, hopefully we\u2019ll keep the small ones alive long enough that most of them get back into business,\u201d said Dimon.<\/p>\n

He described the Fed\u2019s massive stimulus to boost the economy as \u201cwater that fills every crevice,\u201d lifting up asset prices.<\/p>\n

Shares of the bank rallied 7%<\/a> on Tuesday, as investors returned from the Memorial Day break to push the Dow industrials DJIA 500 points higher, testing the key 25,000 level. Gains were driven by fresh vaccine news and hopes for a global economic recovery.<\/p>\n

Some attributed the rise in J.P. Morgan shares, which rose along with other big bank stocks, to a comment at that same conference by Dimon, where he said the bank was \u201cvery valuable\u201d at current share prices. <\/p>\n

Source: www.marketwatch.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The influential head of the largest U.S. bank says he\u2019s prepared for a tougher road ahead due to the global pandemic, but optimistic that things will get better.<\/p>\n","protected":false},"author":1,"featured_media":3272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-3271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts\/3271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/comments?post=3271"}],"version-history":[{"count":0,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts\/3271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/media\/3272"}],"wp:attachment":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/media?parent=3271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/categories?post=3271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/tags?post=3271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}