JPMorgan Chase Ranks 18th in Trading Volume as CEO Jamie Dimon Warns of Impending Recession

On April 9, 2025, JPMorgan Chase & Co. (JPM) saw a trading volume of $5.395 billion, ranking it 18th in the day's stock market activity. The stock price surged by 8.06%, marking its third consecutive day of gains and a total increase of 11.44% over the past three days.

JPMorgan Chase CEO Jamie Dimon has expressed concerns about the U.S. economy, stating that a recession is a "likely outcome" due to the turmoil caused by President Trump's tariffs. Dimon's comments came during an interview on Fox Business Network's "Mornings with Maria," where he discussed the potential economic fallout from the ongoing trade disputes.

Dimon's remarks align with the views of JPMorgan's chief U.S. economist, Michael Feroli, who recently predicted a 2025 recession. Feroli attributed this forecast to the economic strain caused by the tariffs, which could lead to both short-term inflation and slower growth. Dimon also highlighted the potential for increased stress among bank borrowers, suggesting that rising interest rates and inflation could result in more credit problems.

Dimon's warnings come as signs of stress on Wall Street continue to mount. Initial public offerings (IPOs) and mergers have been put on hold, while leveraged loan deals and bond sales have been paused. U.S. Treasury yields have also spiked, although Treasury Secretary Scott Bessent attributed this to "some very large leveraged players" experiencing losses, rather than a systemic issue.

Despite the economic uncertainties, Dimon offered support for President Trump's broader goals of improving trade for the U.S. He acknowledged that trade imbalances exist and that addressing them is reasonable. The president himself applauded Dimon's comments, posting on his Truth Social account that "Fixing Trade and Tariffs is a good thing!"