JPMorgan Chase shares fell 4.22% to close at $297.67 after CEO Jamie Dimon warned of market risks reminiscent of the 2008 financial crisis, citing concerns over inflated asset prices.
- CFO Jeremy Barnum clarified that the bank's exposure to the volatile software sector remains small to stabilize investor sentiment.
- Despite broader market dislocation, leadership emphasized that JPMorgan's scale positions the firm as an “endgame winner” in AI adoption.