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title: JPMorgan CEO Dimon Says He Could Beat Trump in an Election
description: JPMorgan Chase &amp; Co.’s CEO Jamie Dimon says he could beat President Donald Trump in an election, but quickly takes the statement back.
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# 'I'm Smarter.' Jamie Dimon Says He Could Beat Trump in an Election — and Quickly Walks It Back

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by 

[Michelle F. Davis and Max Abelson / Bloomberg](https://time.com/author/bloomberg/)


## Michelle F. Davis and Max Abelson / Bloomberg


Contributor

Sep 12, 2018 3:36 PM UTC

![JPMorgan Chase  CEO Jamie Dimon Speaks At Economic Club of Chicago](https://static.time.com/v3/assets/bltea6093859af6183b/blt553cb4cdf4a4bc3c/69893a0422fb85095ce26a7f/jamie-dimon-trump.jpg?branch=production&width=1200&quality=75&auto=webp&crop=3:2)

Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co, fields questions from Mellody Hobson, president of Ariel Investments, during a luncheon hosted by The Economic Club of Chicago on November 22, 2017 in Chicago, Illinois.

Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co, fields questions from Mellody Hobson, president of Ariel Investments, during a luncheon hosted by The Economic Club of Chicago on November 22, 2017 in Chicago, Illinois. Scott Olson—Getty Images

by 

[Michelle F. Davis and Max Abelson / Bloomberg](https://time.com/author/bloomberg/)


## Michelle F. Davis and Max Abelson / Bloomberg


Contributor

Sep 12, 2018 3:36 PM UTC

(Bloomberg) — JPMorgan Chase & Co.’s Jamie Dimon is picking a street fight with a fellow New Yorker — President Donald Trump, according to CNBC.

“I think I could beat Trump” in an election, the broadcaster quoted the bank’s chief executive officer and chairman as saying at an event Wednesday to tout the firm’s philanthropy. “I’m as tough as he is, I’m smarter than he is.”

Dimon has previously said he has no intention of running for the U.S. presidency, saying he’s not sure being a corporate leader translates well into the political arena. But he flaunted his business success in an additional dig at Trump.

“And by the way, this wealthy New Yorker actually earned his money,” Dimon said, according to CNBC. “It wasn’t a gift from daddy.”

By noon, the bank sent out a statement from Dimon, its chairman and chief executive officer, backtracking completely: “I should not have said it. I’m not running for president. Proves I wouldn’t make a good politician. I get frustrated because I want all sides to come together to help solve big problems.”

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