Dimon Warns Banks Of Risky Lending Upcycle

24 February 2026 — JPMorgan Chase chief executive Jamie Dimon warned at the bank’s 2026 investor update that parts of the current lending environment echo the years before the 2008 financial crisis, as some rivals stretch underwriting to boost net interest income. He said AI could be a surprise stress point in the next credit downturn but does not expect material credit-losses at JPMorgan, which is keeping strict underwriting standards.