×

JPMorgan's Jamie Dimon to Trump and others: Stop 'scapegoating' and 'yelling'

JPMorgan Chairman and CEO Jamie Dimon told CNBC on Wednesday the presidential candidates should stop their "denigration" and "finger-pointing," and get down to the business of uniting the nation.

"If the next president does the right things around immigration, corporate and individual tax reform, [and] infrastructure spending, America would be booming," Dimon said. "That boom would help the people who need it the most, the people at the bottom of the ladder."

"What I know doesn't work is denigration, scapegoating, finger-pointing, and yelling," Dimon added in a "Squawk Box" phone interview.

Dimon didn't single out any candidate, including presumptive GOP presidential nominee Donald Trump, who has been the most vocal on the campaign trail.

"What does work," Dimon asserted, "is collaboration, analysis and getting people together across the spectrum of civic society, not-for-profit, education, government and business."

As far as Dimon's personal political leanings, he said in 2012 on NBC's "Meet the Press" he considers himself "barely a Democrat at this point."

On 'Dimon Bottom': I was lucky

In Wednesday's CNBC interview, Dimon also dismissed the idea that the stock market bottomed for the year on Feb. 11 because he bought 500,000 shares of his company's stock that day.

"It was serendipity that I bought at the bottom, as a opposed to I made the stock market go up," Dimon told CNBC's "Squawk Box" in a phone interview.

"The stock market has hundreds of millions of participants making their own decisions everyday," he continued. "I think I was just fortunate on the other side."

From the beginning of the year to Feb. 11, JPMorgan shares were down nearly 20 percent, about double the S&P 500's decline during that period.

Regulatory filings showed Dimon purchased those JPMorgan shares on Feb. 11. They were worth $26.6 million at the time. As of Tuesday's close, the stock was up nearly 12 percent since then, slightly lagging the S&P 500's return.

Dimon called in from Silicon Valley, where he said he's meeting with companies large and small to learn about emerging tech trends such as the cloud, big data, artificial intelligence and cybersecurity.

Morning Squawk: CNBC's before the bell news roundup

Sign up to get Morning Squawk each weekday

Get this delivered to your inbox, and more info about about our products and service. Privacy Policy.
Please enter a valid email address