Dimon Sees More Than One ‘Cockroach’ Likely After Tricolor Bust

The dramatic collapse of subprime auto lender Tricolor Holdings hit JPMorgan Chase & Co.’s earnings in the third quarter, contributing a $170 million charge-off that led to the bank’s elevated credit-cost figure and sparking an ominous warning from Jamie Dimon.

“When you see one cockroach, there are probably more,” the bank’s chief executive officer said on a conference call with analysts Tuesday. “Everyone should be forewarned on this one.”