I am a Washington D.C. based reporter. My previous work includes USA Today, E&E News, the Baltimore Sun, NBC News and Maryland Matters. I am a graduate of Saint Joseph's University with a degree in political science. Email me at [email protected] and follow me on Twitter @AnaFaguy.
JPMorgan CEO Jamie Dimon warned conflicts in Ukraine and the Middle East are creating “the most dangerous time the world has seen in decades,” as interest rate increases gave the bank an earning boost in the third quarter of the year.AP/Jacquelyn MartinJPMorgan reported a $13.2 billion profit last quarter, up 35% on the same period last year.
America’s biggest bank brought in $39.87 billion in revenue, up slightly on $39.63 billion forecast by analysts surveyed by FactSet. The bank’s momentum in the third quarter is the result of “years of investment” and consistency in clients, Dimon , but warned global risks as well as high government debt levels increase the risk of “elevated” inflation and booming interest rates.“The war in Ukraine compounded by last week’s attack on Israel may have far-reaching impacts on energy, food markets, global trade, and geopolitical relationships,” Dimon said. “This may be the most dangerous time the world has seen in decades.
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