Jamie Dimon Says Private Credit Will Perform Far Worse Than Average

Jamie Dimon Says Private Credit Will Perform Far Worse Than Average

JPMorgan CEO Jamie Dimon cautioned that periods of calm in credit markets often mask the buildup of risk, warning that performance typically deteriorates more than expected once the credit cycle turns. "I do think when we have a credit cycle because there have been weakening standards in underwriting and transparency and marking, I do think you'll see credit perform worse than people expect. That's all. I don't think it's systemic," he said duri…