1 of 1
Story summary
- CEO Jamie Dimon said the S&P 500 is overvalued and he will not buy stocks or long-dated Treasury bonds.
- He warned the 10-year yield will stay near 4-4.5% and the short rate around 3.25-3.5%.
- Dimon cited heightened risks from the Ukraine war, Iran, U.S.–China tensions and larger-than-expected deficits.
- JPMorgan posted a record Q2 2026 net income of $21.2 billion, with an 86% rise in equities trading and a 30% increase in banking fees.
