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JAMIE DIMON: 'It is as good as it's ever been'

Jan 14, 2016, 19:59 IST

Mario Tama/Getty

JPMorgan reported fourth-quarter earnings on Thursday that crushed expectations and set a high bar for the rest of Wall Street.

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On a conference call with analysts following the release, the bank's CEO, Jamie Dimon, sounded pretty optimistic about the state of the US economy.

Much of the call was spent discussing the energy sector. JPMorgan upped reserves on loans to the oil and gas and metals and mining sectors in the quarter.

Dimon was also asked if the firm was seeing stress outside the energy sector.

"We're not seeing anything broadly in our portfolio," he said.

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When he looks at the firm's credit card, commercial bank, middle market banking businesses, he said, "it is as good as it's ever been."

"We're not forecasting a recession - I think the US economy looks pretty good at this point," he continued.

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