'Increasingly complex set of risks': Jamie Dimon issues a fresh warning on the US economy — and says Americans shouldn't get too comfortable
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JPMorgan Chase reported a 13% increase in net income, but CEO Jamie Dimon warned of an 'increasingly complex set of risks' to the US economy. Dimon cited geopolitical tensions, trade uncertainty, and elevated asset prices as potential threats.
JPMorgan Chase reported a 13% increase in net income to $16.5 billion in the first quarter of 2026. Despite healthy economic growth, CEO Jamie Dimon warned of risks to the US economy, including geopolitical tensions and trade uncertainty. Dimon cited the conflict in Iran, Ukraine, and high asset prices as pressure points. He warned that if energy costs stay elevated, inflation could rise, causing interest rates to increase and asset prices to drop. JPMorgan's consumer data shows that while consumers are still spending, many Americans are struggling, with the credit card charge-off rate rising to 3.47% in Q1.
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