Jamie Dimon, chairman and chief executive of JPMorgan Chase, sought yesterday to ease market jitters over China, urging investors to focus on the “pretty good” US economy as well as the “winners” from a collapse in commodities.
Bank stocks have been particularly hard hit in the 2016 market sell-off, which has been exacerbated by wild swings in Chinese markets and mounting fears over the effects of a slowdown in the world’s second-biggest economy.
But Mr Dimon, chairman and chief executive of the largest US bank by assets, tried to dispel anxieties as he played his traditional role of kicking off the sector's fourth-quarter earnings season.
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