President Donald Trump just intensified a war of words with Jamie Dimon, the CEO of the countryâs largest bank.
âThe problem with banker Jamie Dimon running for President is that he doesnât have the aptitude or âsmartsâ & is a poor public speaker & nervous mess â otherwise he is wonderful. Iâve made a lot of bankers, and others, look much smarter than they are with my great economic policy!â
The president, via Twitter, referred on Thursday to the head of JPMorgan Chase & Co.
as âa poor public speaker & nervous mess,â who doesnât have the âaptitudeâ to be commander in chief, in an apparent response to Dimonâs comments a day earlier.
On Wednesday, the outspoken JPMorgan chieftain said he could beat Trump in a presidential contest, claiming during an event sponsored by the bank that he was âsmarterâ than the 45th U.S. president and equally tough. Dimon later moderated his remarks, emphasizing that he wasnât officially throwing his hat in the ring for president and adding that he shouldnât have made his comments.
However, Dimonâs attempt to walk back his comments didnât appear to be sufficient to stay Trumpâs Twitter fingers:
The problem with banker Jamie Dimon running for President is that he doesnât have the aptitude or âsmartsâ & is a poor public speaker & nervous mess – otherwise he is wonderful. Iâve made a lot of bankers, and others, look much smarter than they are with my great economic policy!
— Donald J. Trump (@realDonaldTrump) September 13, 2018
âI get frustrated because I want all sides to come together to help solve big problems,â Dimon said on Wednesday in remarks emailed by a JPMorgan representative.
In the past, Dimon has described himself as a patriot who wants to serve his country but so far has been reluctant about entering the political arena in earnest. âI would love to be president of the United States of America,â he said two years ago, according to a Vanity Fair article.
Shares of JPMorgan were up 0.1% in premarket trade on Thursday and have gained 5.7% so far in 2018, exceeding the performance of banking peers, as of Wednesdayâs close of trade.
By comparison, the Dow Jones Industrial Average
, of which JPMorgan is a component, is up 5.2%, while the S&P 500 index
has advanced by 8.1% and the Nasdaq Composite Index
has climbed by more than 15% so far this year, according to FactSet data.
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