Jun

Dimon Says Auto-Loan Market Stressed, Sees Pain for Banks

‘Someone will get hurt in auto lending,’ JPMorgan CEO Says
U.S. Bancorp’s Richard Davis says market is ‘overheated’

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the market for U.S. automobile lending is “a little stressed” and that he foresees higher losses ahead for some competitors.

“Someone will get hurt in auto lending,” but not JPMorgan, Dimon, 60, said Thursday during an investor presentation in New York…

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Dimon Says Auto-Loan Market Stressed, Sees Pain for Banks

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