Mohamed El-Erian on JPMorgan's takeover of failed First Republic Bank

Look at what JPMorgan acquired.  First Republic was one of the most envied banks.  Why?  It had very rich depositors, it was able to make jumbo mortgages to very creditworthy clients and it had what was viewed as the best client experience, the best customer service.  All that is now acquired by JPMorgan at a cost that's only moderately more than what they would have lost [$5 billion] in their deposits that they put in First Republic.  So for JPMorgan, that is a great deal.  And you see that in the stock price.  Now will it make a huge difference to the bank?  No.  But at the margin it is undoubtedly and unambiguously beneficial to JPMorgan.

~ Mohamed El-Erian, interview on CNBC, May 1, 2023

Mike Bell sees economic recovery in 2024

You will see a recession in all major economies this year, but the market spent 2022 pricing that in and will spend this year looking ahead to an economic recovery in 2024.

~ Mike Bell, global markets strategist at JP Morgan Asset Management, January 6, 2023

(As quoted by "How ETF Investors Are Playing ‘the Most Anticipated Recession of All Time’," ETF.com, February 06, 2023)

Economist Michael Feroli on the "powerful tailwind of reopening" for the economy

The powerful tailwind of the reopening of economic activity appears to be gathering force.

~ Michael Feroli, chief U.S. economist at JPMorgan, "Vaccines, fiscal stimulus power U.S. employment; economy blooming," Reuters, April 2, 2021

JPMorgan research note on record retail sales decline in March

All the toilet paper in the world can't clean up this report.

~ title of a research note from JPMorgan, April 15, 2020

(As reported by CNBC.  Retail sales fell 8.7% in March, the biggest decline since 1992 when the Commerce Department first started issuing the report.)

Marko Kolanovic sees 3,000 on the S&P 500 soon

If earnings season is not a complete disaster, I think markets will go higher and we could actually see our price target [of 3,000 on the S&P 500] being achieved earlier, maybe even sometime in May or June.

~ Marko Kolanovic, J.P. Morgan’s global head of quantitative and derivatives strategy, as appeared on CNBC, April 3, 2019

(The S&P 500 closed at 2873.)

Jamie Dimon on the health of the global economy and U.S. consumer

The global economy continues to do well and the U.S. consumer remains healthy with solid wage growth.

~ Jamie Dimon, comments made after releasing JPMorgan Q3 earnings, October 12, 2017

Jim Cramer: "The long national nightmare for banks is over"

We're beginning to get a sense that the long national nightmare for banks is over.

~ Jim Cramer, CNBC

(Comment made after Wells Fargo and JPMorgan Chase reported better than expected earnings.)

Becky Quick on Jamie Dimon

Jamie Dimon didn't take the economy down. He's one of the last men standing.

~ Becky Quick, CNBC, April 16, 2010

Bob Chapman on home equity loan exposure at four large banks

U.S. financial institutions hold almost $1.1 trillion in second liens, also known as home equity loans or "helocs." Some 42% of all helocs are held by four banks—Bank of America, J.P. Morgan Chase, Citibank and Wells Fargo. Since in a traditional mortgage foreclosure the second loan is usually wiped out, these big four banks have an exposure in the hundreds of billions of dollars.

Mortgage-finance consultant Edward Pinto points out that these same lenders have about $800 billion of first mortgage loans on their books, representing 8% of the total outstanding first mortgage loans in the U.S. But they also act as the servicers on almost 60% of total first mortgages, which means they handle negotiations on loan modifications. Thus when a home owner asks one of the big four banks to redo a loan, the banker may have a greater interest in saving the home-equity loan than in protecting the creditors of the first mortgage…

~ Bob Chapman, "US Treasury Controlled by Wall Street," LewRockwell.com, October 20, 2009

Sandy Weill on Jamie Dimon and his rescue of Bear Stearns

I'm very proud of him. What he did was something great for the whole financial industry, preventing God knows what.

~ Sandy Weill, March, 2008 (after the JPMorgan-Bear Stearns deal was announced)

Jon Markman will eat his column if Citigroup or JPMorgan Chase turn around by the end of the year

If Citigroup or JPMorgan Chase beat any of the above-mentioned defensive stocks this year (JNJ, MO, MRK, MCD, HON, UTX, MMM) in a freakish turnaround, I will eat this column on a live webcast at noon Wednesday, Dec. 31, 2008.

~ Jon Markman, "10 market predictions for a glum '08," MSN.Money, January 4, 2008

Jim Cramer on financials

Jamie Dimon's books are a thing of nonfiction. Thank heavens Jamie Dimon seems like a pretty realistic guy.

With Wells Fargo you're dealing with fact, not fiction. Goldman Sachs is deeply rooted in fact.

~ Jim Cramer, Mad Money Host, CNBC, January 17, 2008