JP Morgan CEO Dimon expects Clinton to beat Trump

PUBLISHED : Tuesday, 18 October, 2016, 4:47am
UPDATED : Tuesday, 18 October, 2016, 4:47am

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon offered a read-between-the-lines prediction that the next US president will be Democratic nominee Hillary Clinton.

“I hope the next president, she reaches across the aisle,” Dimon, 60, said Monday at a conference sponsored by the New York-based bank, when asked what advice he’ll give the next US leader.

The remark was met with loud applause. Lawmakers have struggled to pass budgets and haven’t tackled issues including immigration and trade, he said. “We’re not acknowledging all these problems. We’re not getting that stuff done.”

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While Dimon’s comment was mainly predictive, and stopped short of a direct endorsement, it makes him one of the few senior Wall Street executives to weigh in publicly on the election.

He also prefaced the remark with a poke at Republican nominee Donald Trump, who has proposed “extreme vetting” of people entering the US and vowed to build a wall along the border with Mexico, labelling some immigrants from that country “rapists.”

“First of all, I want to say if you are Muslim, African American, an immigrant, a Mexican, you are completely welcome at JPMorgan Chase,” Dimon said. “Three of my grandparents immigrated from Greece, and you know, I don’t think any of them graduated high school to tell you the truth. How proud would they be to see their grandson run JPMorgan Chase.“

With three weeks to go before election day, Clinton is leading Trump by an average of 6.9 percentage points in national polls, according to RealClearPolitics. In 2008, Barack Obama won the presidency by 7.2 points, a margin that narrowed to 3.9 points when he was re-elected in 2012.