Jamie Dimon assumes
JPmorgan Chase CEO and chairman Jamie Dimon gestures when he speaks during the monitoring of the US Senate banks, housing and urban matters in Wall Street on the Capitol Hill in Washington, DC
Evelyn Hockstein | Reuters
Jamie Dimon, CEO of JPMorgan Chase, said on Friday that he would expect estimates for the income of companies in the middle of the uncertainty that was created by President Donald Trump's trade negotiations.
JPmorgan CFO Jeremy Barnum said that he had no reason to obtain the bank's instructions on what depends on how the economy and interest rates emit, he saw no reason to discuss the profits in the first quarter that he saw no reason.
His boss Dimon then threw in and spoke about the broader corporate world: “I would only add companies, some have taken away their instructions. I expect more to see more of it.”
“Analysts generally reduced their S&P estimate results by 5%,” said Dimon. “I think you will see that it will come down even more.”
Companies will report profits in the next few weeks, which offers managers the opportunity to update investors in a time increased uncertainty about their prospects.
This story develops. Please check for updates.
