Hugh Son, at CNBC, reports:
"I think I could beat Trump," Dimon said Wednesday during an event held at his bank's Park Avenue headquarters in New York. "Because I'm as tough as he is, I'm smarter than he is. I would be fine. He could punch me all he wants, it wouldn't work with me. I'd fight right back."
Dimon, 62, has been outspoken about what the U.S. needs to do to improve economic growth for a broader set of participants. He's also pushed for common-sense reform on topics ranging from immigration policy to infrastructure spending. So he's often asked whether he would run for president. In the past, he has said that while he would like running the country, he could never win an election.
But the victory of Donald Trump in 2016 -- another billionaire New York businessman -- raised the possibility that Dimon might change his mind.
Still, while the question is likely to remain, Dimon maintained that he probably couldn't win. In Wednesday's original comments, he indicated that its unlikely a rich banker could defeat a liberal candidate.
Dimon had the foresight to acknowledge he'd struggle against the emboldened progressive base of the Democratic Party, saying that liberals needed to "get their act together" by not persecuting businesses.