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Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot' - TL;DR CNBC

Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot'

Publishing timestamp: 2024-05-20 16:44:19


Summary

JPMorgan CEO Jamie Dimon stated that the bank will not be buying back a lot of stock at current prices, as he believes the shares are expensive. Dimon also expressed concerns about economic risks and the current market underappreciating those risks. This led to a 4.5% drop in JPMorgan's shares.


Sentiment: MIXED

Tickers: BACBRK.AJPMGOOGL

Keywords: banksbreaking news: marketsbreaking news: investingjamie dimonbank of america corpbreakingnewsglobalbusiness newsjpmorgan drnbusinessinvestment strategy

Source: https://www.cnbc.com/2024/05/20/jamie-dimon-jpmorgan-stock-too-expensive.html


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