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International Business Times
International Business Times
Business

JPMorgan Chase Sees 'Considerable Turbulence' Facing Economy As Profits Rise

JPMorgan Chase Chairman and CEO Jamie Dimon said he has heard anecdotal evidence that some companies are pulling back on investment and deals (Credit: AFP)

JPMorgan Chase CEO Jamie Dimon said Friday that US Treasury bonds remained a safe place in an unpredictable world as he warned of "considerable turbulence" facing the economy.

The big US bank reported higher quarterly profits in results overshadowed by upheaval in financial markets as equity markets have churned amid gyrations in the US Treasury market and a falling US dollar.

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