JPMorgan Chase CEO Jamie Dimon. (Photo: Bloomberg)
Leaders of the biggest financial companies are getting more optimistic about an economic rebound as the pandemic lockdown eases, but say recent stock gains might have overshot reality.
"The market is assuming that we're not going to see a severe second wave or third wave" of Covid-19, and that treatments will become available to cushion the impact of new outbreaks, BlackRock Inc. Chief Executive Officer Larry Fink said Wednesday at a virtual industry conference. "I do believe jobs are going to be slower coming back than other people believe."
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