James Dimon Quotations

Several of our trading books were on the wrong side of interest rates. It was a bunch of positions that didn't work out.

Obviously, there is a difference in being the C.E.O. or not being the C.E.O., ... You are either flying the plane or you're not.

I am excited by Bank One's powerful franchise. Together, we will help our stock realize its value as we continue the momentum of our three strong lines of business and continue to rebuild our large credit card business.

While the credit environment remains challenging, we are beginning to see a slowing of deterioration in parts of our business, ... Although this is not expected to improve credit costs in the near term, it could lead to improvement in the latter part of the year.

We thought it would cause a bubble. The bubble is just bigger than we thought.

Yes, we are disappointed in the volatility. The management team understands that one of our goals is to reduce that.

Bill Harrison has been a great partner through this transition, and I look forward to his support and counsel in the future. I am very excited about the opportunity to lead this great institution.

These short-term results are absolutely unacceptable to our shareholders ? and to Bank One management,

as good a partner as anyone would have hoped for.

The hope was that it would reduce volatility, but this quarter it added to it. We lost money as opposed to making money on it.