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JPMorgan’s Dimon Says ‘This Boom Could Easily Run Into 2023’

  • CEO says ‘fintech and big tech are here’ as banks lose ground
  • He also blames U.S. dysfunction for curbing economy’s growth
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JPMorgan Chase & Co. CEO Jamie Dimon released his annual letter Wednesday. Bloomberg’s Sonali Basak breaks down the key points of Dimon’s 66-page letter, his longest to date. (Source: Bloomberg)
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Jamie Dimon said he’s optimistic the pandemic will end with a U.S. economic rebound that could last at least two years.

“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom,” the JPMorgan Chase & Co. chief executive officer said Wednesday in his annual letter to shareholders. “This boom could easily run into 2023.”