Strong bank earnings despite warnings by JPMorgan CEO
Strong bank earnings are setting the tone for markets today, with JPMorgan and Goldman Sachs both reporting trading revenue more than $2 billion above analysts' expectations. But a stark warning from JPMorgan CEO Jamie Dimon is tempering the optimism.
Dimon says the global economy is shifting 'like tectonic plates', pointing to mounting geopolitical tensions, trade uncertainty and stubborn inflation as key risks ahead.
Meanwhile, IBM shares have plummeted more than 20% as the computer giant warns that its clients are spending less on its AI products.
Jeff Grills of Aegon Asset Management explains how JPMorgan's CEO is probably restraining market expectations.




















