Lates News

The largest bank in the United States lacks interest in acquiring companies in the hottest markets on Wall Street. "The private credit market may have started to peak," JPMorgan Chase CEO Jamie Dimon said during Tuesday's second-quarter earnings conference call. However, he didn't say it definitively, adding, "Maybe, I'm not sure." When asked if JPMorgan Chase is interested in acquiring a private credit company, Dimon replied, "It's not my top priority right now because we can do private credit business ourselves. Of course, if we come across the right people at the right price, we can consider it." When asked what he meant by the "private credit market peaking," Dimon explained that currently credit spreads are low, and the industry is growing rapidly. "You have to pay a high premium to participate in it. I'm not saying it won't continue to grow, but I will be a bit cautious. It depends on who the target is."