J.P. Morgan Co-President Doug Pettnor: At the level of American consumers and businesses, we have seen no red warning signs for the economy, and there are very few yellow warning signs. We have not identified any systemic risks to be concerned about at this time. M&A activity is quite active.

J.P. Morgan Co-President Doug Pettnor: At the level of American consumers and businesses, we have seen no red warning signs for the economy, and there are very few yellow warning signs. We have not identified any systemic risks to be concerned about at this time. M&A activity is quite active.