Mr. Dimon immediately walked those comments back and said he isn't running for the country's top office. He campaigned as someone who would stand up to the industry, and his closing ad flashed a Wall Street sign, Federal Reserve logos, and the New York Stock Exchange over eerie music and a speech. "I should not have said it".
By noon, the bank sent out a statement from Dimon, its chairman and chief executive officer, backtracking completely: "I should not have said it".
"The problem with banker Jamie Dimon running for President is that he doesn't have the aptitude or "smarts" & is a poor public speaker & nervous mess - otherwise he is wonderful", Trump wrote on Twitter. "I am part of the elite". They look at him as the upstart who punched the elite in the nose every day.
Aside from Wednesday's comments, Dimon has previously offered high praise of President Trump's pro-growth economic policies and once vowed to help the administration because he was a "patriot".
At the event, he also noted his wife Judith but that he thinks it would 'be a really interesting White House if she were first lady'.
"Opportunity is not shared equally across neighborhoods", Dimon said a statement.
He served on Trump's Strategic and Policy Forum, where he came under fire for not stepping down as fellow executives did in the wake of Trump controversies.
You've been clear that you have grown exhausted of this narrative, that we are engaging in Dimon hagiography and that we sublimating our natural caustic voice in servitude of some horseshit political nonsense that will never be real.
Trump disbanded the board after he was criticized for failing to sufficiently condemn white supremacists in the aftermath of Charlottesville's rally last August.
FILE PHOTO: Jamie Dimon, CEO of JPMorgan Chase, takes part in a panel discussion about investing in Detroit at the Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., April 11, 2018.