Gone are the good ol' days when Wall Street paid huge sums to giants like Hillary. They would gather what muscular pearls of wisdom they could find that would fall from her lips and try their best to understand and implement her ideas. Sigh.JPMorgan Chase CEO Jamie Dimon expressed frustration at the U.S. federal government during the company's earnings conference call Friday.
"It's almost embarrassing being an American citizen ... and listening to the stupid s--- we have to deal with in this country," Dimon said in response to an analyst question.
"Since the Great Recession, which is now 8 years old, we've been growing at 1.5 to 2 percent in spite of stupidity and political gridlock, because the American business sector is powerful and strong," he said. 'What I'm saying is that it would be much stronger growth if there were more intelligent decisions and less gridlock."
JPMorgan Chase reported earnings that handily beat Wall Street estimates Friday. However, the bank lowered its forecast for lending revenue.
Shares erased earlier gains to fall more than 1 percent in premarket trade.