Jamie Dimon, CEO of JPMorgan Chase, warned that soaring asset prices, heavy risk-taking, and excitement around artificial intelligence could set the stage for another financial crisis.
Speaking to investors, Dimon said markets today resemble conditions seen before the 2008 crash, with record stock prices creating a false sense of security. He cautioned that some banks are taking on risky loans and leveraging too aggressively, even as warning signs begin to emerge.
JPMorgan Chase and Co.’s Jamie Dimon is not wrong to be concerned about bonds, but you wouldn’t know it looking at credit spreads. Read on https://t.co/ges0cBDrcM
— Financial Post (@financialpost) February 24, 2026
Dimon said high asset prices increase risk rather than reduce it and stressed that JPMorgan remains cautious and disciplined. He also warned that AI-driven disruption could destabilize parts of the software sector, much like past surprises that hit industries once considered safe.
The comments follow earlier concerns Dimon raised about stress in private credit markets after recent bankruptcies tied to alleged fraud. He said isolated failures often signal deeper problems, urging investors to stay alert as economic cycles inevitably turn.
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