JPMorgan Chase CEO and chairman Jamie Dimon Gesture, when he speaks during the trial of the Supervision Committee of the Senate Committee and Municipal Affairs at Wall Street Firm, at Capitol Hill in Washington, DC
Evelyn Hockstein Reuters
JPMorgan Chase CEO Jamie Dimon He said on Friday that he expected estimates that corporate earnings would fall among the uncertainty created by the president Donald TrumpTrade negotiations.
In an interview with reporters to discuss the first quarter profitsFinancial Director of JPMorgan, Jeremy Barnum, said that he sees no reason to draw the bank's instructions, which depends on how the economy and interest rates.
His boss, Dimon, then interjected, saying about a wider corporate world: “I would just add companies, some received their tips. I expect to see more.”
“Analysts generally reduced their earnings S&P by 5%,” in recent days, said Dimon. “I think you'll see that it's still a bit.”
Companies will report earnings in the next few weeks, giving managers the opportunity to update investors in their perspective during an increased uncertainty. Markets have suffered a whipsaw since Trump announced a wide set of tariffs on American trading partners last week and remained unstable, as US-China escalated.
Already companies with an exposure to an American consumer, including Walmart AND Delta in some parts conductivity for investors.
Uncertainty causes customers to withdraw from purchasing companies and making investments when they take on an attitude of waiting and seeing how Dimon and Barnum say.
An anecdotal examples suggest that “people are careful,” said Dimon. “You know, people are withdrawing with offers, not only large ones, but companies in the medium market are very careful about investment.”
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