Jamie Dimon - JPMorgan Chase & Co.

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Last quote by Jamie Dimon

If you're stupid enough to buy [bitcoin], you'll pay the price for it one day. The blockchain is a technology which is a good technology. We actually use it. It will be useful in a lot of different things. God bless the blockchain.feedback
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Oct 16 2017 Bitcoin
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Jamie Dimon is associated, including Americans, Deutsche Bank, and marketing. Most recently, Jamie Dimon has been quoted saying: “Not going to talk about bitcoin anymore.” in the article After bitcoin rebounds to record high, reinvigorated investors bet on even bigger gains.
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Jamie Dimon quotes

Sep 22 2017 - Bitcoin

Blockchain is a technology that can be used for multiple things, including cryptocurrency. It could be used for digital dollars, and there are digital dollars already; a lot of the dollars held in our bank are digital.feedback

Sep 22 2017

I think that would be a mistake. As I pointed out before, geopolitics is always a surprise, sometimes positive, sometimes negative, it always scares you when you read the paper in the morning. But in history of mankind it usually resolves itself. I'm not saying I'm not prepared for a bad outcome, I'm simply saying I wouldn't expect a bad outcome.feedback

Sep 22 2017

I think there's a higher chance of something going wrong in the Korean Peninsula, it's slightly higher than it was before. But I don't think it's going to change my view of how we should go around the world and work with each other and grow our economies. It's just this terrible threat hanging out there.feedback

Sep 18 2017 - Bitcoin

If we have a trader that trades bitcoin, I would fire them in a second, for two reasons: It is against our rules and they are stupid, and both are dangerous.feedback

Sep 15 2017 - Bitcoin

Wait until someone gets hurt. Wait until it's used for illicit purposes, which it's somewhat used for illicit purposes. They close it down. That's my point.feedback

Sep 14 2017 - Bitcoin

It's worse than tulip bulbs. It won't end well. It will blow up.feedback

Sep 14 2017

It is on us – leaders in business – to step up, collaborate with government and the community and develop solutions where we have resources and expertise to offer. We believe in Chicago's future and are hopeful our investment will help the city thrive and make opportunity available to every Chicagoan.feedback

Sep 14 2017

I think a lot of business people have said you have to get more involved. You can't advocate all this kind of stuff, you know, without thoughtful policy. And I really believe it.feedback

Sep 14 2017

Not every citizen shares equally in the city's economic growth.feedback

Sep 14 2017

I don't understand the concept that somehow you don't try to help the citizens of that country when you're asked to help.feedback

Sep 13 2017

We don't have proper cyber law, we need to have a way to go after the bad guys.feedback

Sep 13 2017 - Bitcoin

It's just not a real thing, eventually it will be closed.feedback

Sep 13 2017 - Bitcoin

It is worse than tulip bulbs. Don't ask me to short it. It could be at $20,000 before this happens, but it will eventually blow up. Honestly, I am just shocked that anyone can't see it for what it is.feedback

Sep 12 2017

The president needs strong people and Gary is one of them.feedback

Sep 12 2017

I'm not going to go run another company," but "I would get bored too quickly.feedback

Sep 12 2017

The successor for JPMorgan is inside JPMorgan.feedback

Sep 12 2017

All that will matter, it's obviously important. It depends what happened and how it happened, whether they could've or should've.feedback

Sep 12 2017

All I've ever said is if we did things right, we'd be growing at 3 percent.feedback

Sep 12 2017 - Bitcoin

The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.feedback

Sep 08 2017

It is a leader's role, in business or government, to bring people together, not tear them apart.feedback

Aug 20 2017 - Trump Presidency

They're not, Mr. President. They're defending their currency.feedback

Aug 20 2017

The equal treatment of all people is one of our nation's bedrock principles.feedback

Aug 14 2017 - Extremism

The racist behavior on display by these perpetrators of hate should be condemned and has no place in a country that draws strength from our diversity and humanity.feedback

Aug 14 2017

It is very hard if you say, I'm going to go off an advisory group or not do a,b,c, because you disagree on one issue. Honestly, no one is going to agree with every president or prime minister on every issue, so I don't want to overreact to it.feedback

Aug 10 2017

No I'm not stepping into the arena. And I'm not criticizing Washington, I'm criticizing us collectively. Collectively, the leadership of America hasn't done the thing that could get us growing faster – jobs and wages.feedback

Aug 08 2017

It was painful for the company, and I was quite worried about that because it hurts the people in the company. We are flesh and blood.feedback

Aug 08 2017

I always tell people at JPMorgan Chase: You've got to take care of your friends, your family, your spirit, your mind, your body, your soul, otherwise you won't have a fulfilling life, and those are important. Without your family and the support of your family and what you learn from them in the good times and the tough times ... you may not have a great life.feedback

Aug 08 2017 - London

I called up my management team and my board of directors, both on Friday night and Saturday night the weekend that Lehman is going bankrupt, and told them that you were going to have the worst, scariest week that you've ever seen in the financial markets or the financial system in the United States and that JPMorgan will do everything we can to help our country. People would expect me to say the 'London Whale' [was the worst]. Not even close.feedback

Aug 08 2017

I've always said family first, country second, JPMorgan literally last. JPMorgan is the best I can do for my country. And my family – I spend a lot of time with them.feedback

Aug 08 2017

It's starting to work. The numbers are getting better and it's different. We have to acknowledge the reason it's different is it's a different history, a different background. A lot of African Americans didn't grow up in the same neighborhoods as white people. We're doing great with women, we're doing great with Asians, we're doing great with Hispanics. We got to do better with African Americans and we're going to.feedback

Aug 08 2017

Thirty percent of our top 200 people are women. And they have unbelievable jobs.feedback

Aug 08 2017

I'm not going to call it a bubble, but I personally wouldn't be buying a 10-year sovereign debt anywhere in the world. My view is the Fed is doing the right things, raising rates, telling people we're going to start reducing the balance sheet. I'm not concerned for JPMorgan because we'll be fine whatever the environment is.feedback

Aug 08 2017

We've never had the reverse of QE 1, 2, or 3 before. If you see the ECB doing it and the United States doing it and maybe the environment is not the enviornment that people expect. People can not predict the future.feedback

Jul 21 2017 - LinkedIn

We're using bots today and it's not going to stop us from opening retail branches. It's not going to stop us from having private bankers. Or adding investment bankers to countries in Africa that we're not in. We have all these growth opportunities and we're always finding ways to be more efficient. But creating more efficiency creates capital, creates other opportunities.feedback

Jul 21 2017 - LinkedIn

We have less sales and traders, for example, but more engineers, more coders. These things give us an opportunity to take our resources and apply them somewhere else.feedback

Jul 15 2017 - Brexit

It's a beautiful city, with great real estate and an open business climate. I'm optimistic about our future growth here.feedback

Jul 15 2017 - London

If the EU determines over time that it wants to move a lot more jobs out of London into the EU, it can simply dictate that. The regulators can dictate it, the politicians can dictate it.feedback

Jul 14 2017

I'm going to be a broken record until this gets done.feedback

Jul 14 2017

It's almost an embarrassment being an American citizen traveling around the world and listening to the stupid s--- we have to deal with in this country.feedback

Jul 14 2017

It's almost embarrassing being an American citizen ... and listening to the stupid s--- we have to deal with in this country. Since the Great Recession, which is now 8 years old, we've been growing [at] 1.5 to 2 percent in spite of the political gridlock.feedback

Jul 14 2017

The U.S.A. has to start to focus on policy which is good for all Americans and that is regulation, tax, education, we have to get those things done.feedback

Jul 14 2017

It's almost an embarrassment being an American traveling around the world and listening to the stupid shit Americans have to deal with in this country. That is the weather. It goes up and down, this and that, and that's 80% of what you guys focus on.feedback

Jul 14 2017

We are unable to build bridges. We're unable to build airports.feedback

Jul 14 2017

Who cares about fixed-income trading in the last two weeks of June? I mean, seriously.feedback

Jul 14 2017

We need infrastructure reform. We need corporate tax reform. We need better skills and education. If we don't focus on these things, we are hurting average Americans every day.feedback

Jul 11 2017

It's important to have consistency, the rule of law, stability, steadfast ... it's not just important for banks, but for all economies. I think this government has made an enormous leeway, we are here to listen to them.feedback

Jul 11 2017 - Brexit

We will probably use the Frankfurt bank, because we will have the licenses already. But the people could be in Paris, or Netherlands or Madrid...We haven't decided yet, we are here to talk to people.feedback

Jul 11 2017 - London

If regulators say one day 'we're not comfortable with your risk people, your lawyers, your compliance being in the UK,' they can make us move it.feedback

Jul 11 2017 - Brexit

It's easy we plan for that ... all it means is that several hundred jobs have to legally be done through an EU sub[sidiary].feedback

Jun 28 2017

Given the financial strength of the company and the significant capital and liquidity advancements we have made over the last several years, we are pleased to further increase capital returns to our shareholders while continuing to invest in our businesses for long-term profitability.feedback

Jun 26 2017

He [Modi] is always very receptive, he is open. He is very smart, very receptive, very actuary….I don't think there were any sticking points.feedback

Jun 08 2017

While I am sad to see him leave, I respect his decision and all he has done for JPMorgan Chase.feedback

Jun 08 2017

Our colleague, Matt Zames, Chief Operating Officer, recently informed me of his decision to leave our firm following 13 years of outstanding service. Zames "was an integral part of the team that helped manage the firm successfully through the financial crisis.feedback

Jun 07 2017

I could go on and on and make a list of all the things that have slowed us down and held us back and affected jobs and wages. I think America has got to get its act together about a bunch of stuff, not just one.feedback

Jun 06 2017

We have to do this ... it's time to fix it. Business decisions are made at the margin. At the margin we've been driving capital overseas.feedback

Jun 06 2017

CEOs are also responding to the administration's commitment to creating a more favorable regulatory environment, protecting the safety and health of our citizens while also protecting jobs.feedback

Jun 02 2017

I absolutely disagree with the administration on this issue, but we have a responsibility to engage our elected officials to work constructively and advocate for policies that improve people's lives and protect our environment.feedback

May 16 2017

He is the President of the United States. I believe he is the pilot flying our airplane, I would try to help any President of the United States because I'm a patriot. Our corporate tax system is driving capital and brains overseas and excessive regulation is reducing growth and business formation particularly for small businesses.feedback

May 16 2017 - Dodd-Frank Act

We are not looking to throw out the entirety of Dodd-Frank or other rules, it is however appropriate to open up the rulebook in the light of day and rework the rules and regulations that don't work well or are unnecessary. We believe that changes can and should be made to preserve the safety and soundness of the financial system.feedback

May 16 2017 - Trump Presidency

I would try to help any president of the United States, because I'm a patriot. That does not mean we agree with all the policies that an administration comes up with.feedback

May 10 2017

Detroit's resurgence is a model for what can be accomplished when leaders work together to create economic growth and opportunity.feedback

May 01 2017

The real issue I'm worried about is bad public policy. We're leaving a lot of people behind.feedback

Apr 29 2017

No, Mr. President, they're not. I think they're trying to be responsible.feedback

Apr 21 2017

I wouldn't overreact to the short-term thing about loan growth, because there's so many things that affect it, When you have a new president and they get going, the nine months after the 100 days is going to be a sausage-making period...to expect it to be smooth sailing, that would just be silly.feedback

Apr 13 2017

I could care less [if] banks, the nonbanks do it. My point about that was how it's hurting the growth of America.feedback

Apr 13 2017

They want to find the right people for those jobs. I gather they are talking to lots of people. But even after they announced it, remember they need to be vetted and confirmed, and that ... can take 90 days. So the sooner the better, but I think getting the right people is equally important.feedback

Apr 13 2017

It is a pro-growth agenda, tax, infrastructure, regulatory reform. And that is a good thing.feedback

Apr 13 2017

I wouldn't overreact to the short term in our loan growth with so many things that affect it.feedback

Apr 13 2017

U.S. consumers and businesses are healthy overall and with pro-growth initiatives and improving collaboration between government and business, the U.S. economy can continue to improve. I wouldn't overreact to the short-term thing about loan growth. To expect it to be to be smooth sailing would just be silly.feedback

Apr 05 2017

I hate to tell you, he's right. We all know that. The Chinese know it. They steal intellectual property. There's cybersecurity. There are very high tariffs for certain things. This is a slow train wreck. Here's what I told everybody: When you get on the airplane, you better be rooting for the success of the pilot. I'm a patriot. I will do what I can to help the United States of America. And that includes helping whoever's president.feedback

Apr 05 2017

We should be ringing the national alarm bell that inner city schools are failing our children.feedback

Apr 05 2017 - Brexit

This does not entail moving many people in the next two years. Our fear, however, is that it could instead result in political unrest that would force the EU to split apart. We will keep a close eye on the situation in Europe over the next several years.feedback

Apr 04 2017

We are forcing great talent overseas by not allowing these young people to build their dreams here.feedback

Apr 04 2017 - Immigration

We hope that the advent of Brexit would lead the EU to focus on fixing its issues – immigration, bureaucracy, the ongoing loss of sovereign rights and labor inflexibility – and thereby pulling the EU and the monetary union closer together.feedback

Apr 04 2017 - Brexit

This does not entail moving many people in the next two years. Regarding Brexit, a key concern is to make sure our company is prepared to support our clients on day one – the first day after the actual Brexit occurs, approximately two years from now. We are confident we will be able to develop and expand the capabilities that our EU subsidiaries and branches will need to serve our clients properly in Europe under EU law. This will require acquiring regulatory approvals, transferring certain technologies and moving some people.feedback

Apr 04 2017

Essentially, too big to fail has been solved – taxpayers will not pay if a bank fails. The American public has the right to demand that if a major bank fails, they, as taxpayers, would not have to pay for it, and the failure wouldn't unduly harm the U.S. economy. In my view, these demands have now both been met. Market panic will never disappear entirely, and regulations must be flexible enough to allow banks to act as a bulwark against it rather than forcing financial institutions into a defensive crouch that will only make things worse.feedback

Apr 04 2017

We believe the anticipated reversal of many negatives and the expectation of a more business-friendly environment, coupled with our sustained, strong business results, are among the reasons our stock price has done so well this past year. We believe we have substantial opportunities in the decades ahead to drive organic growth in our company. We have confidence in the underlying growth in the U.S. and global economies, which will fuel the growth in our customer base.feedback

Mar 14 2017

If all companies did [with repatriated funds] was pay dividends and buy back stock, think of that as QE4 ... and far cheaper, in my opinion. The shareholder will decide what to do with it. It's not like it disappears after that. It is fuel to the system. That money that isn't brought back is going to be reinvested in a foreign country, in a plant or acquisition, which has been happening, and never to return.feedback

Mar 10 2017

It seems like he's woken up the animal spirits.feedback

Mar 08 2017

Our company continued to invest through the crisis – often when others could not – in order to capture future growth. … The best example of this is in our consumer business, where [the bank's net interest margin, or the spread between the rate it pays for deposits and what it collects on loans] has gone from 2.95 percent to 2.20 percent (from 2009 to 2014). This spread reduction has reduced our net interest income by $2.5 billion, from $10 billion to $7.5 billion – or if you look at it per account, from $240 to $180.feedback

Mar 08 2017

This does not mean we should not listen to what investors are saying – it just means we should not overreact to their comments – particularly if their views reflect temporary factors. While the stock market over a long period of time is the ultimate judge of performance, it is not a particularly good judge over a short period of time. A more consistent measure of value is our tangible book value, which has had healthy growth over time. ... In fact, when Mr. Market gets very moody and depressed, we think it might be a good time to buy back stock.feedback

Mar 08 2017

Since we strongly believe this is a temporary phenomenon and we did not want to take more risk to increase our net interest margin (which we easily could have done), we continued to open new accounts. Over those years, we added 4.5 million accounts – and, in fact, very good sizable accounts. This has reduced our operating margins from 36 percent to 32 percent, but we don't care. When normal interest rates return, we believe this will add $3 billion to revenue and improve our operating margin to more than 40 percent. We do not manage to temporary P/E ratios – the tail should not wag the dog.feedback

Mar 08 2017

Quarterly earnings – even annual earnings – frequently are the result of actions taken over the past five or 10 years.feedback

Mar 08 2017

In the financial services world, it is easy to stretch for growth by reducing underwriting standards or taking on increasingly higher levels of risk. But such an approach is foolish longer term. For example, last year we declined to underwrite negative amortization mortgage loans and option adjustable-rate mortgages. That may have hurt our 2006 earnings a bit, but we believe it was the right decision for the company. Most of our growth will be organic. We have been doing this successfully for a decade – and opportunities abound.feedback

Feb 15 2017 - Silicon Valley

Silicon Valley is coming.feedback

Jan 20 2017

CEOs want this nation to succeed. We are ready to work collaboratively with President Trump, Congress, state and local leaders, unions and all the many institutions of civil society to create more opportunity for all Americans.feedback

Jan 20 2017

There is no better time than now for enacting reasoned policies that achieve those goals. Americans can only benefit if we modernize our tax system, take a smarter approach toward regulation and invest in infrastructure.feedback

Jan 20 2017

The swearing-in of a new president represents a moment of opportunity for America and all Americans. The United States is well positioned to build on the momentum the U.S. economy is already showing. President Trump and the new Congress have both identified economic growth and job creation as top priorities, and America's business leaders fully agree.feedback

Jan 18 2017

It's going to take nine months, 12 months. The real detail work has to get done.feedback

Jan 18 2017

One of the fictions here is that the marketing cost ... gets booked over 12 months. The benefit of the card gets booked over 7 years. The card was so successful it cost us $200 million, but we expect that to have a good return on it. I wish it was a $400 million loss.feedback

Jan 17 2017

If you do that you are just irresponsible, I am sorry. And, you probably aren't a very good investor, either.feedback

Jan 17 2017

I know some of you here do it because you are lazy.feedback

Jan 17 2017 - Twitter

God knows how any of you can place your vote based on ISS or Glass Lewis.feedback

Jan 13 2017

Our results this quarter were a strong end to another record year, reflecting our intense client focus and solid performance across our businesses. In the Consumer business,we had double digit growth in deposits and core loan balances,our credit card sales volume was a record, and for the year we had over $1 trillion of merchant processing volume.feedback

Jan 13 2017

The economy is getting a little bit better. Interest rates help and looking forward, you probably have a better political, legal and regulatory environment.feedback

Dec 08 2016

It is a waste of time.feedback

Dec 08 2016 - Dodd-Frank Act

It has always been rational to look at major legislation and open it up, take a look at it, recalibrate it, change it a little bit.feedback

Nov 21 2016 - American economy

They really should get someone hugely qualified to help grow the American economy and negotiate with overseas and understand the critical role that business also plays in all of this.feedback

Nov 11 2016

We want to do our share to bring them back into society and give them jobs.feedback

Nov 09 2016

We need to listen to those voices.feedback

Oct 17 2016 - Immigration

If the next president does the right things around immigration, corporate and individual tax reform, [and] infrastructure spending, America would be booming. That boom would help the people who need it the most, the people at the bottom of the ladder.feedback

Oct 07 2016

Brexit makes the chance of the euro zone not surviving 10 years from now five times higher.feedback

Oct 04 2016 - Deutsche Bank

There is no reason that Deutsche Bank shouldn't get over its problems.feedback

Oct 03 2016

They have plenty of capital, plenty of liquidity. We want all these banks to get through because it's better for everybody.feedback

Sep 12 2016

It's time to raise rates.feedback

Sep 12 2016

I'd say, ask David Rubenstein.feedback

Sep 12 2016

Let's just raise rates. Twenty-five basis points is a drop in the bucket.feedback

Aug 07 2016

If we could pull something like that off, that would be great for Italy.feedback

Aug 02 2016

If the next president focuses on the right things, I think we're going to 4 percent. Those right things are proper immigration reform, proper infrastructure spending. The Democrats say spend a lot of money. I kind of agree with that. The Republicans say it shouldn't be bridges to nowhere, big pork barrel [projects]. I agree with that.feedback

Aug 02 2016

I wouldn't overreact to short-term data. I'm not convinced that GDP data is actually that accurate anymore. What I see is more household formation, more people buying homes.feedback

Aug 02 2016

If we have proper growth in the United States, we'll start to normalize interest rates.feedback

Aug 02 2016

I'm all right. My parents had been ill for awhile. So you have some time to get prepared. My family is very tight. And we were all there right to the end. And so it was as nice as it could possibly have been. I love my children, I spend a lot of time with them.feedback

Aug 01 2016

Unfortunately, that could be one of the fat-tail outcomes of Brexit. It may take more than five years, but may very well happen.feedback

Aug 01 2016

Normalizing interest rates would be a good thing.feedback

Aug 01 2016

If we can find a good place to open a branch, we'll open a branch.feedback

Jul 14 2016

JPMorgan Chase continued to perform well in all of our major businesses.feedback

Jul 12 2016

Our minimum salary for American employees today is $10.15 an hour ... almost $3 above the current national minimum wage. Over the next three years, we will raise the minimum pay for 18,000 workers to $12 to $16.50 an hour, depending on geographic and market factors.feedback

Jul 12 2016

Wages for many Americans have gone nowhere for too long. Many employees who will receive this increase work as bank tellers and customer service representatives. Above all, it enables more people to begin to share in the rewards of economic growth.feedback

Jul 07 2016

The key issue is the 'passport rule' that we have in London and allows us to provide services to clients in the European Union. However, if the EU imposes new conditions on Britain ... the worst-case scenario is we would have to move some thousands of employees to other branches in the euro zone.feedback

Jun 30 2016

In the months ahead ... we may need to make changes to our European legal entity structure and the location of some roles. While these changes are not certain, we have to be prepared to comply with new laws as we serve our clients around the world.feedback

Jun 22 2016

After a Brexit, we cannot do it all here, and we will have to start planning for that. I don't know if it means 1,000 jobs, 2,000 jobs; it could be as many as 4,000.feedback

Jun 15 2016

We try to be very conservative, always. And, so, we're not trying to put up as little as possible. You know me, I'd put up more if I could. But accounting rules dictate what you can do.feedback

Jun 06 2016

Auto is clearly a little stretched, in my opinion. Someone is going to get hurt. ... We don't do much of that.feedback

Jun 02 2016

We're going to have a real time system up and running.feedback

May 11 2016

What does work, is collaboration, analysis and getting people together across the spectrum of civic society, not-for-profit, education, government and business.feedback

May 11 2016

It was serendipity that I bought at the bottom, as a opposed to I made the stock market go up. The stock market has hundreds of millions of participants making their own decisions everyday. I think I was just fortunate on the other side.feedback

Jan 20 2016 - RMB

When the market is this bad, it's reasonable to say it might be telling you something, but it's also reasonable to say 'maybe it's not'. My own view is that you've had four or five things very different that are taking place. China scared people with this bungling of the yuan ? their currency ? and their stock market, and their lower growth changed flows around the world. Commodity prices are down substantially now.feedback

Jan 20 2016

I'm hopeful that this is just all a big adjustment. A fast adjustment might be better than a painful, slow death. I've always said normalization is a good thing.feedback

Jan 14 2016

The oil folks have been surprisingly resilient.feedback

Jan 14 2016

The businesses generated strong loan growth and credit quality, except for some stress in energy. The consumer business continues to gather deposits, outpacing the industry.feedback

May 15 2012

We will do the right thing. That may well include clawbacks.feedback

Jan 15 2010

We don't know when the recovery is.feedback

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