Jason Hall

That was actually mostly from fees, including investment banking and card fees.

Now, net interest income, that's the money it makes from loans after paying interest on deposits, that was up 2%.

Other parts of the business were accounting for a lot of the growth.

Credit card balances were up slightly.

That's something that JPMorgan Chase, which is the largest credit card issue, also noted.

Yeah, Jeff, I know you wanted to say that.

Jamie Dimon's always wrong with his bearish calls.

I don't think he's really making predictions as much as just trying to buffer the worst tendencies of the market to swing to those extremes of sentiment, either bearish or bullish.

Honestly, I was a little surprised that he was a little more middle path with his comments after this quarter.

pointing out that while there are soft spots, he wasn't as doom and gloomy, pointing out that the consumer and the economy have remained really resilient.

It's actually the comments that he made and Wells CEO Charlie Scharf made, they said almost the exact same thing.

Yeah, Jeff, that's right.

Banks are extremely cyclical.

They go as the economy goes.

Honestly, that's the case for commercial banks and investment banks, those different sides of the banks that the universal banks have a little bit of both.

We're in this weird place where everything's working really, really well.

Those who have the capacity to spend and borrow continue to do so.

That's both individuals and businesses.

If we look at JPMorgan's investment bank, it did exceptionally well.

Dealmaking is picking up.