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 (NYSE:JPM) as long as the economy keeps growing.
- He admits that Wells Fargo (NYSE: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: