On The Call: JPMorgan Chase CEO Jamie Dimon
By The Associated Press
JPMorgan Chase CEO Jamie Dimon said Wednesday that the housing market "has turned," echoing statements he made after the third-quarter earnings announcement in October. The bank funded more than $51 billion in mortgages, up 33 percent from a year ago. Auto loans were also up, as was sales volume from credit cards.
On Wednesday, the bank reported earnings and revenue that blew away expectations. In a call with analysts, Erika Penala of Bank of America Merrill Lynch asked Dimon about his thoughts on the state of the U.S. consumer.
JAMIE DIMON, CEO of JPMorgan Chase: "The American economy â¿¿ I've said the table is rather well set. Consumers, businesses, housing, small business, they are all in pretty good shape and I think we need good policy and good fiscal policy."
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