Jamie Dimon warns markets resemble pre-financial crisis era: 'I see a couple of people doing some dumb things'

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New York on Monday. "The rising tide lifting all boats, everyone was making a lot of money, people leveraging to the hilt. The sky was the limit.”“My own view is people are getting a little comfortable that this is real — these high asset prices and high volumes and that we won't have any kind of problem whatsoever. So we're quite cautious about that,” Dimon added.Dimon’s comments come amid a turbulent market period, as investors have dumped stocks across a range of industries over fears that artificial intelligence will disrupt their core businesses. In the financial industry, these challenges have been most acutely felt in private credit markets.“All of our main competitors are back,” said Dimon, who on Monday wore a cast on one hand after recently having surgery to treat arthritis. “It's good for the world, et cetera. I don't know how long it's going to be great for everybody. I see a couple of people doing some dumb things,” he added.Read more: How to protect your money during turmoil, stock market volatilityJPMorgan Chase chairman and CEO Jamie Dimon speaks during the World Economic Forum (WEF) annual meeting in Davos on Jan. 21, 2026. (Fabrice COFFRINI / AFP via Getty Images) · FABRICE COFFRINI via Getty ImagesFor years, Dimon has consistently warned about high asset prices, though his worries don’t always come to fruition. Last fall, his credit market views caused a stir when he likened a string of bad loans at his and other banks to cockroaches."I shouldn't say this, but when you see one cockroach, there's probably more," Dimon said on the firm's earnings call in October. "Everyone should be forewarned on this one."Last year, Wall Street banks had one of their best years ever. So did their bosses, including Dimon.Dealmaking rebounded, and the Trump administration pushed to loosen financial services regulation.JPMorgan stock fell late last year when it raised its 2026 expense expectations by $9 billion; the company said Monday it plans to allocate $19.8 billion of its yearly spending to technology. It also shared projections on Monday for net interest income to rise to $104.5 billion this year, $1.5 billion more than it projected last month.As for how long Dimon plans to remain as boss of the nation's largest bank, his answers remained largely consistent with previous comments, saying Monday that he would stay as CEO for "a few years," without sharing further details.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,878.88 -29.98 (-0.43%)Dow 3048,977.92 -521.28 (-1.05%)Nasdaq22,668.21 -210.19 (-0.92%)Russell 20002,632.36 -44.93 (-1.68%)VIX19.86 +1.23 (+6.60%)Gold5,247.90 +53.70 (+1.03%)Trending tickersBTC-USD Bitcoin USD 65,351.15 -1,411.62 (-2.11%)ETH-USD Ethereum USD 1,914.94 -46.58 (-2.37%)XRP-USD XRP USD 1.34 -0.04 (-2.85%)BTC-CAD Bitcoin CAD 89,220.78 -1,927.21 (-2.11%)2222.SR Saudi Arabian Oil Company 25.80 +0.84 (+3.37%)PortfolioSign in to access your portfolioSign inTop gainersAAOI Applied Optoelectronics, Inc. 84.23 +30.54 (+56.88%)BWIN The Baldwin Insurance Group, Inc. 23.23 +4.74 (+25.64%)FIGS FIGS, Inc. 15.45 +2.98 (+23.90%)DELL Dell Technologies Inc. 148.08 +26.63 (+21.93%)PSKY Paramount Skydance Corporation 13.51 +2.33 (+20.84%)Top losersRUN Sunrun Inc. 13.25 -7.17 (-35.11%)FIGR Figure Technology Solutions, Inc. 25.28 -8.76 (-25.73%)CRWV CoreWeave, Inc. 79.56 -18.07 (-18.51%)ACA Arcosa, Inc. 107.48 -20.02 (-15.70%)TPC Tutor Perini Corporation 75.37 -14.01 (-15.67%)Most activeNVDA NVIDIA Corporation 177.19 -7.70 (-4.16%)NFLX Netflix, Inc. 96.24 +11.63 (+13.75%)NU Nu Holdings Ltd. 14.98 -0.08 (-0.53%)PLUG Plug Power Inc. 1.7900 -0.1200 (-6.28%)SOFI SoFi Technologies, Inc. 17.76 -1.34 (-7.02%)Top economic eventsEarnings eventsMy earnings eventsEarnings events