He added the part he'd have trouble with the election is winning the Democratic nomination. "I can't beat the liberal side of the Democratic party". 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 grew up in a poorer part of Queens than he did, but I am a banker. "I am part of the elite". The fact that investment bankers notoriously play both sides of the fence and elect people from both parties also means they aren't welcome in most partisan circles.
Trump has often referred to a $1 million loan he received from his father, a real estate magnate, to start his own business.
"And by the way, this wealthy New Yorker [pointing to himself] actually earned his money", the CEO said. "It wasn't a gift from Daddy". I'm not running for President.
"I should not have said it". I'm not running for President. The JPMorgan chieftain said his statements are proof that he wouldn't make a good politician.
Dimon reportedly walked back the remarks an hour later, claiming, "I should not have said it".
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"Opportunity is not shared equally across neighborhoods", Dimon said a statement.
Dimon, who has become a billionaire thanks to his stake in JPMorgan Chase, is a longtime donor to Democrats.
Trump disbanded the board after he was criticized for failing to sufficiently condemn white supremacists in the aftermath of Charlottesville's rally last August.
This is not the first time Dimon has taken back things he's said about Trump.
CNBC reports that Dimon spoke at an event in NY on Wednesday where he described his bank's $500 million worldwide plan to bolster the economic performance of various cities.