Wednesday, April 24, 2019
Home Business Trump strikes back at Dimon, calls CEO of JPMorgan "poor speaker and...

Trump strikes back at Dimon, calls CEO of JPMorgan "poor speaker and nervous chaos".

President Donald Trump has just intensified a war of words with Jamie Dimon, CEO of the country's largest bank.

"The problem with banker Jamie Dimon, who runs for the president, is that he does not have the skill or 'wisdom' and is a poor public speaker and thrill – otherwise he's wonderful – I've made a lot of bankers, and others look a lot smarter than with my big economic policy! "

– President Trump

The president, via Twitter on Thursday, referred to the head of JPMorgan Chase & Co

JPM, -1.18%

as "a poor public speaker and nervous jumble," who does not have the "talent" to be commander-in-chief, in an obvious response to Dimon's comments one day ago.

On Wednesday, the outspoken JPMorgan chief said he could beat Trump in a presidential contest, claiming he was "smarter" than the 45th US president during a bank-sponsored event. Dimon later moderated these remarks, stressing that he had not officially thrown his hat into the ring for the president, adding that he should not have made his comments.

Dimon's attempt to trace back the contentious comments, however, did not seem to be enough to keep Trump's Twitter finger.

"I'm frustrated because I want all sides to come together to solve big problems," said Dimon on Wednesday by email from a JPMorgan representative.

In the past, Dimon has described himself as a patriot who wants to serve his country, but has so far reluctantly tried to seriously enter the political arena. "I would like to be President of the United States of America," he said after a Vanity Fair article.

JPMorgan shares rose 0.1% on Thursday before beating the stock exchange, gaining 5.7% in 2018, outperforming their banking sector peers on Wednesday's close.

In comparison, the Dow Jones Industrial Average

DJIA, + 0.11%

of which JPMorgan is a component, rose 5.2%, while the S & P 500 Index

SPX, + 0.04%

rose by 8.1% and the Nasdaq Composite Index

COMP, -0.23%

has increased more than 15% this year, according to FactSet data.

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