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Benzinga
Benzinga
Business
Piero Cingari

Dimon Sees 'Cockroaches' In Banks—Here's How To Protect Your Portfolio

Jamie Dimon JPM JPMorgan Chase & Co ETF IWM Jeff Jacobson Michael Hartnett Bank of America US Federal Reserve
Jamie Dimon

Fresh fears of mounting credit stress in the U.S. banking system have resurfaced after JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon issued a stark warning that more financial trouble could be lurking below the surface.

"When you see one cockroach, there are probably more," Dimon said during last week's earnings call, referring to the recent bankruptcies of First Brands—an auto parts maker reportedly under criminal investigation—and Tricolor Holdings, a subprime auto lender.

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