Dimon says under adverse scenario, JPMorgan might suspend dividend

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People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City.

Spencer Platt | Getty Images

Jamie Dimon said that in a “extremely adverse” downturn in the U.S. economy, JPMorgan Chase would probably consider suspending its dividend to preserve capital.

The biggest U.S. bank by assets has entered the coronavirus-induced crisis from a position of strength and has shown in previous Federal Reserve stress tests that it can weather a recession, Dimon said Monday in an annual shareholders letter. But if a more severe “extremely adverse scenario” happens with a 35% decline in gross domestic

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