“My Anxiety Is High:” JPMorgan CEO Jamie Dimon Is Worried about the Economy

FomoAnxiety · 2026-02-24T19:01:27+00:00

Jamie Dimon, CEO of JPMorgan Chase, expresses concerns about the U.S. economy, likening current conditions to pre-2008 crisis levels. He warns of high asset prices, intense competition, and the risks of complacency among investors, particularly as volatility rises from AI disruptions.

FomoAnxiety

2026-02-24 19:01:27

Abstract generation in progress

Jamie Dimon, the CEO of banking giant JPMorgan Chase JPM +0.29% ▲ , said that he is increasingly worried about the U.S. economy. Notably, he pointed to high asset prices and intense competition in banking as conditions that remind him of the years leading up to the 2008 financial crisis. While many economists believe that tax cuts and deregulation are supporting growth, Dimon said he prefers to think about what could go wrong when optimism is high. In his view, investors may be becoming too comfortable with rising markets and are assuming that problems are unlikely to appear anytime soon.

Claim 50% Off TipRanks Premium

Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

However, he emphasized that economic cycles always turn eventually. In addition, Dimon warned that the biggest risk is uncertainty, as no one knows what event will trigger the next downturn or which industries will be affected the most. “My anxiety is high over it,” he said. Dimon also noted that past crises often surprised markets by damaging the sectors that seemed stable at the time, such as utilities and telecom companies during the last recession. This time, he suggested that software companies could be vulnerable because of disruption from artificial intelligence.

Indeed, recent volatility caused by AI developments, along with stress in private credit markets that include asset sales by Blue Owl OWL +2.87% ▲ , has increased fears that financial conditions could get worse throughout the economy. He also compared today’s environment to the boom period before 2008, when profits were high and risk-taking spread across the financial system. According to Dimon, some firms may now be making questionable decisions to chase interest income, even if those choices seem profitable in the short term.

Is JPM Stock a Good Buy?

Turning to Wall Street, analysts have a Moderate Buy consensus rating on JPM stock based on 12 Buys, eight Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average JPM price target of $347.88 per share implies 16.4% upside potential.

Disclaimer & DisclosureReport an Issue

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.