Jamie Dimon, chairman and chief executive of JPMorgan Chase, has cautioned consumers about the risks associated with entrusting their financial affairs to artificial intelligence (AI) agents. Speaking recently, Dimon emphasized the concept of a “liability transfer” when using AI personal assistants and stated that JPMorgan would limit access to external AI tools within the bank to protect its customers.

The warning comes amid growing attention on AI agents as personal assistants, following the recent release of Meta’s new AI agent, Muse, in the US and Canada—a product that has gained traction among users. However, some companies, including Amazon, have restricted Muse from making purchases on their platforms, underscoring concerns about the potential risks AI may pose in financial and commercial contexts. Dimon noted that JPMorgan is developing tools to safeguard its clients from such risks but affirmed that, for now, it will not permit external AI agents unrestricted access inside the institution due to the inherent dangers.

Dimon shared these remarks alongside the release of JPMorgan’s latest quarterly financial results. The bank reported a 4 percent decline in fixed income trading revenue year-on-year to $5.4 billion for the three months ending September, missing analysts’ expectations which had anticipated approximately $6 billion. This decrease was attributed in part to volatility in bond markets, where yields on government debt, including US Treasuries, have recently surged. Despite the setback in fixed income, the bank’s equities division performed strongly, with revenue jumping 49 percent year-on-year to nearly $5 billion. Investment banking fees also rose by 14 percent, reaching $3 billion compared to the same period in 2025.

Overall, JPMorgan’s quarterly net profits increased to $15.3 billion from $14.4 billion in the previous year. The bank also raised its forecast for full-year net interest income to approximately $106.2 billion, up from the $105.5 billion projected in July. Net interest income, which reflects the difference between what the bank pays on liabilities and earns on assets, reached $27.1 billion during the quarter, marking a 13 percent increase amid rising borrowing costs. However, JPMorgan set aside an additional $539 million to cover potential bad loans, primarily within its wholesale business.

Dimon also commented on the broader economic environment, observing that the US economy continues to be supported by robust business investment and steady consumer spending. Nevertheless, he flagged several emerging challenges, including large fiscal deficits, persistent inflation, elevated asset prices, rising interest rates, and evolving geopolitical tensions. While describing these factors as potentially manageable, Dimon stated that the bank remains prepared for a variety of possible outcomes.

JPMorgan Chase, a multinational financial services firm with diverse operations in retail banking, investment banking, and wealth management, has been led by Dimon since 2006. At 70 years old, Dimon is considered one of the most influential figures in global finance, though speculation about his eventual succession has increased, with top candidates including Doug Petno and Troy Rohrbaugh.