JPMorgan Chase & Co.’s dealmakers are spending their time in the Swiss Alps huddling with ebullient clients, but the boss of the biggest US bank is striking a more cautious tone.

Investing.com -- JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon expressed concerns over the elevated valuations in the U.S. stock market, citing broader risks like deficit spending, inflation, and geopolitical uncertainties.

JPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock market inflated and said that he felt more cautious than others in the business world. He noted risks from deficit spending, inflation and geopolitical upheaval.