JPMorgan Chase and Co. CEO Jamie Dimon said during an earnings call that he believes more banks could fail in the United States, but that he thinks the worst of the banking turmoil may be over and that things have calmed down “quite a bit.”
Dimon noted during the company’s first-quarter earnings call on April 14 that there’s a relatively low number of U.S. banks with significant exposure to the risk of rising interest rates, with too many assets valued at current market prices, or that have excessive amounts of uninsured deposits.
