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JPMorgan profit jumps 35%, but CEO says geopolitics and gov't inaction have led to 'dangerous time'

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NEW YORK (AP) — JPMorgan Chase's third quarter profit soared 35% from last year, fueled by a rapid rise in interest rates, but the bank's CEO, Jamie Dimon, issued a sobering statement about the current state of world affairs and economic instability.

“This may be the most dangerous time the world has seen in decades,” Dimon wrote in the bank's earnings statement.

“While we hope for the best, we prepare for a broad range of outcomes so we can consistently deliver for clients no matter the environment,” he said. The earnings report showed that JPMorgan is doing extremely well despite the geopolitical and economic uncertainties.

 

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JPMorgan profit jumps 35%, but CEO says geopolitics and gov't inaction have led to 'dangerous time'NEW YORK (AP) — JPMorgan Chase's third quarter profit soared 35% from last year, fueled by a rapid rise in interest rates, but the bank's CEO, Jamie Dimon...
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