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: BAC, BRK.A, JPM, GOOGL,
Keywords: banks, breaking news: markets, breaking news: investing, jamie dimon, bank of america corp, breakingnewsglobal, business news, jpmorgan drn, business, investment strategy,
Source: https://www.cnbc.com/2024/05/20/jamie-dimon-jpmorgan-stock-too-expensive.html