During JPMorgan Chase’s Q1 earnings call, CEO Jamie Dimon addressed growing economic uncertainty tied to ongoing trade disputes, particularly in light of former President Donald Trump’s tariff strategies.
He noted that the bank’s internal forecast, updated by in-house economist Michael Farley, now gives equal odds to the U.S. entering a recession, driven largely by global trade strains.
Ahead of the call, Dimon expressed a desire for progress on trade negotiations, referencing signals from the Trump administration that they’re engaged in talks with dozens of stakeholders. He said moving forward with agreements would benefit all sides involved and reiterated that officials seem committed to that path.
Dimon also commented on Wall Street’s outlook for corporate growth. Analysts have already slashed expectations for S&P 500 earnings in 2025, cutting their projection from 10% to just 5%. Dimon predicted that figure might fall even further soon, possibly dropping into negative territory.
From his vantage point, uncertainty is making companies hesitant. Dimon said he’s observed many businesses pausing hiring efforts, delaying expansion plans, and putting mergers or acquisitions on hold until there’s more clarity on future economic conditions.
In his prepared statement, Dimon acknowledged the broader instability facing the economy. However, he emphasized that JPMorgan’s strong financial foundation puts it in a position to weather market volatility and continue offering stability in times of stress.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/jpmorgan-ceo-warns-of-economic-uncertainty-as-recession-odds-hit-50-50/