Jamie Dimon has thoughts on the loan rush: 'I see a couple of people doing some dumb things'
Business Insider
February 24, 2026
AI-Generated Deep Dive Summary
Jamie Dimon, CEO of JPMorgan Chase, has issued a cautionary statement regarding the current lending environment, drawing parallels to the excesses that preceded the 2008 financial crisis. Speaking at the firm's 2026 company update, Dimon warned that some financial institutions are engaging in risky behaviors to boost lending income, reminiscent of the practices leading up to the housing market collapse. He emphasized a sense of overconfidence among market participants, driven by high asset prices and volumes, which has led to "dumb things" being done in pursuit of profits.
Dimon highlighted the competitive intensity in private credit markets, noting that all major players—both domestic and international—are actively competing. While he acknowledged the benefits of a robust market environment, he expressed concern over institutions stretching their risk appetites to win business. JPMorgan, however, remains cautious, adhering to its own strict lending standards even if it means losing some lucrative deals. This approach reflects a commitment to long-term stability rather than short-term gains.
The CEO's remarks come amid growing concerns about potential stress in private credit markets. In October, Dimon pointed to specific examples of market instability, such as the collapse of subprime auto lender Tricolor Holdings and the financial struggles of First Brands, as early signs of broader issues. His "one cockroach, more coming" metaphor underscores his belief that visible problems are often indicators of deeper, systemic risks.
Dimon's warnings serve as a reminder of the dangers of overconfidence in financial markets. His insights are particularly relevant for investors and business leaders seeking to navigate an increasingly competitive landscape. By heeding these cautionary words, stakeholders can better prepare for potential disruptions and maintain sustainable growth strategies.
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Originally published on Business Insider on 2/24/2026