JPMorgan Chase CEO Jamie Dimon says he’s making ready the largest U.S. financial institution for an financial hurricane on the horizon and suggested buyers to do the identical.

“You recognize, I stated there’s storm clouds however I will change it… it is a hurricane,” Dimon stated Wednesday at a monetary convention in New York. Whereas situations appear “effective” in the meanwhile, no person is aware of if the hurricane is “a minor one or Superstorm Sandy,” he added.

“You higher brace your self,” Dimon instructed the roomful of analysts and buyers. “JPMorgan is bracing ourselves and we’ll be very conservative with our stability sheet.”

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