Jamie Dimon Calls Bottom of Housing Cycle (JPM)

If there is one bank CEO who can still complain without having to endless apologize after the banking crisis, it is Jamie Dimon of J.P. Morgan Chase & Co.  Today he took advantage of that again on an interview with the Fox Business news channel.

Dimon talked about expansion plans and also about creating jobs, but he discussed current banking trends and making loans in a tough economy.  What is interesting is that he has called for opening the mortgage markets back up and said that we are at the bottom of the housing cycle.

J.P. Morgan shares are up about 1.6% at $38.22 today versus a 52-week trading range of $27.85 to $48.36.  The banking giant’s shares are actually up almost 16% since the end of 2011.