Jamie Dimon Says JPM Stock Will Eventually Take Care of Itself

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon went one-on-one with CNBC’s Maria Bartiromo on Monday about the health of his company, the economy, Europe and banking stress tests for 2012.

Dimon kicked off the interview by saying that he sees housing prices at or near a bottom and a “mild” U.S. recovery beginning to take place.

When asked about Europe, Dimon noted JPMorgan’s $15 billion net exposure to the troubled nations and said he “wouldn’t feel terrible” if JPM loses $5 billion inEurope, feeling terrible for his clients instead.

On the subject of stress tests, Dimon said that he agrees with stress tests. “I’m hoping what it shows is that American banks are extremely well capitalized; there may be an exception or two; can handle extreme stress and maybe one day we can take this issue off the table.” 

When Bartiromo questioned Dimon about the company’s plans to get capital back to shareholders after a rocky 2011, suggesting stock buybacks or dividend increases, the CEO said he doesn’t worry about that. “We build the company for the long run, and the stock will eventually take care of itself.”

Watch the complete interview here.

Article printed from InvestorPlace Media, https://investorplace.com/2012/01/jpm-ceo-jamie-dimon-interview/.

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