Bigger Quote by Jamie Dimon
![“If the numbers are right, ICBC [Industrial & Commercial Bank of China], which already earns nearly twice as much as JPMorgan. They'll probably be going a lot faster over time, and one day they can be a lot bigger than us.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/43d/jamie-dimon-1320_bigger_if-the-numbers-are-right-icbc-industrial_2432657.jpg)
“If the numbers are right, ICBC [Industrial & Commercial Bank of China], which already earns nearly twice as much as JPMorgan. They'll probably be going a lot faster over time, and one day they can be a lot bigger than us.”
About This Quote
Source Interview: CNBC, 2023
The speaker predicts rapid growth for a Chinese bank, suggesting it could surpass Western rivals.
In simple terms: Chinese bank may outgrow US banks soon.
Key Takeaway
Watch emerging market competition closely.
Themes
finance
global competition
growth
Mood
cautious
analytical
Type
business
strategic
When to use this quote
- investment decisions
- risk assessment
- strategic planning
Key Concepts
banking sector dynamics
emerging markets
Questions to Reflect On
- What factors could slow the bank’s growth?
- How should investors respond to such forecasts?
A Different Perspective
Predictions may be overly optimistic or lack context.
![“Our commercial bank [JPMorgan] is only in the U.S. We are serving what you call SMEs - small businesses, private companies.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/326/jamie-dimon-1320_business_our-commercial-bank-jpmorgan-is-only-in_2198329.jpg)
![“I think if we had another set of policies for - not the crisis years, but after that, that we might be growing faster. But we didn't. And some of that was Republicans' [fault], by the way.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/c6a/jamie-dimon-1320_crisis_i-think-if-we-had-another-set-of-policie_34817.jpg)
![“Not every company went bankrupt. Not every bank needed TARP [Troubled Asset Relief Program]. So I'm very proud that JPMorgan, throughout that time period, was completely steadfast. We bought Bear Stearns because we thought we were helping the situation. We didn't cut and run.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/04a/jamie-dimon-1320_assets_not-every-company-went-bankrupt-not-ever_128310.jpg)
![“There are parts [in Dodd-Frank] that I don't agree with. But, in total, it is what it is.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/8c9/jamie-dimon-1320_agree_there-are-parts-in-dodd-frank-that-i-don_147410.jpg)
![“Their [the U.S.’s] defense budget in absolute figures is almost 25 times bigger than Russia’s. This is what in defense is referred to as ‘their home — their fortress.’ And good for them, I say. Well done!” quote by Vladimir Putin](https://sms4smile.com/quotes/img-quotes/ec3/vladimir-putin-261_absolutes_their-the-u-s-s-defense-budget-in-absolu_10791.jpg)
