The economy may be headed into a recession within nine months, predicts JPMorgan Chase (JPM) CEO Jamie Dimon. If a recession settles in, it would put banks back on their heels after a strong recovery in core banking and capital markets from the pandemic-era lows, Carleton English writes in this week’s edition of Barron’s. Among major banks, JPMorgan, Bank of America (BAC), and Wells Fargo (WFC) do look well equipped to navigate through the tough climate. But all will have to overcome skepticism that the sector can outperform in a difficult economic stretch ahead, the author argues. Reference Link
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