We all sit around eagerly waiting to read Warren Buffett's annual letter to shareholders.
Warren Buffett meanwhile looks forward to reading the annual shareholder letter from JPMorgan's Jamie Dimon.
Today Dimon was on CNBC for a rare interview. Some observations from Dimon:
- He is confident that the American economy will keep growing for years to come.
- Interest rates going up is a good thing for JPMorgan (JPM) as long as the economy keeps growing.
- He admits that Wells Fargo (WFC) does a much better job than JPMorgan at originating mortgages, and he is working to narrow that gap.
- All banks need to adjust to the new regulatory environment, but he expects that within a year or two it will be back to business as usual.
Lots more from Dimon in the video: