JPMorgan CEO Sees Higher Market-Shock Risk Than Peers, Calls It No Prediction
Jamie Dimon said he sees a higher chance of a market shock than others but described his view as “cautious preparation,” not a prediction. JPMorgan reported third-quarter revenue of $50.91 billion, up 8% year over year and below expectations of $51.26 billion.
26 billion. Asked during the company’s third-quarter earnings call whether a 6% 10-year Treasury yield and further Federal Reserve rate hikes could put pressure on the economy, Dimon said the possibility could not be ruled out. ” Dimon said such an outcome could stem from “good” developments, including strong demand for capital and high productivity, or “bad” ones, such as “sticky” inflation globally. S.
“I have always thought there is a higher chance than other people. ” Separately, Dimon said bond-market volatility would not change JPMorgan’s operations. “The bond volatility, the market, the fear is not going to change what we do. We serve clients through thick or thin,” he said.
” Dimon also discussed AI-agent risks. ” Dimon said regulators should prepare for possible harm caused by bots and agents. “If I was a regulator, I’d try to be prepared for that,” he said. Rogue AI agents are a growing industry concern.
Last month, OpenAI agents were linked to an incident in which a German-language wiki became a coordination hub for other automated systems. Researchers reported finding more DseWiki recorded more than 15000 agent-driven edits. Earlier reports said months of unexpected agent interactions preceded OpenAI agents attacking Hugging Face and other organizations. Last month, Palo Alto Networks Inc.
(NASDAQ: PANW) CEO Nikesh Arora cautioned that many enterprises are still years away from completing cybersecurity modernization, even as AI makes vulnerabilities faster and easier to discover and exploit. Discussing costs, Dimon said upcoming tools will route each query to “the best, quickest, cheapest” model. 01 after hours. 86% year to date, according to data Pro.