Images: Bloomberg News
REASONS FOR OPTIMISM? JPM's 33% utilization rate for commercial credit lines is "usually a pretty good measure of companies starting to expand," JPM CEO Jamie Dimon (left) says. Moreover, "We have seen generally better sentiment.
The phones are ringing," CFO Marianne Lake says.
Add JPMorgan Chase CEO Jamie Dimon as a member of the league of extraordinarily optimistic bank executives, but a figure deep in his bank's quarterly report — a high utilization rate for commercial lines of credit — gives his predictions more credibility than his rivals'.
To continue, please log in, register or subscribe.