Jamie Dimon Says the Rush Into Private Credit May Have Peaked

The biggest US bank isn’t itching to buy a company in Wall Street’s hottest market.

“You may have seen peak private credit,” JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said on a Tuesday call to discuss second-quarter earnings. “A little bit,” he added as a caveat, “I don’t know.”

The subject came up when an analyst asked if JPMorgan might want to buy a private-credit firm. “It’s not high on my list, because we can do it ourselves,” Dimon said. Even so, “if it was the right people, the right price,” then “sure, we should look at ...