11:20 - 25.02.2026

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February 25, Fineko/abc.az. Jamie Dimon, CEO of JPMorgan, the largest American investment bank, drew a parallel between the fierce competition in the financial market and what was happening shortly before the global crisis of 2008.

ABC.AZ informs, referring to Bloomberg, that he stated this while speaking to investors.

Dimon stressed that JPMorgan does not intend to sacrifice caution for short-term benefits: the bank is not ready to give risky loans to increase net interest income, despite high competition. At the same time, he sees that many market participants are "doing stupid things" in pursuit of profit.

The banker noted that there are "surprises" throughout any credit cycle, and at the moment such a surprise may be the impact of artificial intelligence on the software industry. Bloomberg recalls that a number of investors have already announced their withdrawal from the securities of technology companies amid plans by AI giants to increase capital expenditures. According to Dimon, financial stocks have also suffered as a result of the AI race, although he considers JPMorgan to be the winner among competitors.