Jamie Dimon says he is unlikely to lead JPMorgan in 10 years' time.But it is possible to stay for another five years.
"I'm not going to play golf or enjoy flowers in the park," Dimon said in an interview broadcast by Fox Business on Wednesday.
JPMorgan Chase's board last month gave the billionaire chief executive a special gift to stay on for "many years". Whenever asked, the 65-year-old Dimon always jokes that he will retire in five years.
In this wide-ranging interview, Dimon also reiterated his prediction that the US economy will prosper. "everyone is ready, confidence is rising, and people have a lot of capital," Dimon said. "when economic growth picks up, lending will eventually start to grow."
Despite the US economic recovery, there is still no sign of loan growth. However, Dimon said that usually bad signals for banks are actually a good thing at this time, because it indicates the health of the economy.
"usually, consumers and companies deleverage because they are overleveraged, and it can take years to deleverage," Dimon said. "now the opposite is true. They are paying off the loan. They have a lot of money. Income, investment, house prices are rising, stock prices are rising. "