Markets
February 24, 2026
Jamie Dimon, CEO of JPMorgan Chase, recently sounded an alarm, highlighting how the present market resembles the pre-2008 crisis era. Dimon also shed light on high asset prices, risky lender behavior, and private credit defaults, something witnessed during the 2008 build-up, when there was a rush to make loans.
Speaking at the Company Update event, CEO Dimon also discussed how the growth of AI is transforming the market and impacting software giants. At the same time, Dimon said he sees JPMorgan Chase as a winner in the artificial intelligence race.
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How Jamie Dimon’s Crisis Warning Highlights 2008 Financial Risks Today
Speaking about the parallels with the pre-2008 financial risks, Dimon said,
“Unfortunately, we did see this in ’05, ’06 and ’07, almost the same thing — the rising tide was lifting all boats, everyone was making a lot of money. I see a couple people doing some dumb things. They’re just doing dumb things to create NII.”
Dimon emphasized that JPMorgan Chase is maintaining stricter controls against riskier loans, but many others are not following suit and exercising the same discipline.
Talking about credit cycles and AI, Dimon said,
“There’s always a surprise in a credit cycle. The surprise has often been which industry. You didn’t expect utilities and phone companies in ’08, ’09, and this time around, it might be software, because of AI.”
Jamie Dimon has been leading the US-based bank as its CEO for over 20 years and has helped it navigate challenging times, such as the 2008 global financial crisis. The bank boasts a market capitalization of over $800 billion.
When asked about his tenure as the CEO of JPMorgan Chase, Dimon said,
“I was told to say this very specifically. I’m here for a few years as CEO, and maybe few after that as executive chairman.”
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The latest JPMorgan economic outlook reflects this cautious tone. And even for everyday investors, it’s a sign of caution and not panic. Higher returns often come with hidden risks.
The Jamie Dimon crisis warning during the recent event sums it up perfectly. While the market may appear calm and everyone may be making money, the risks can quietly keep building.
