Jamie Dimon, the billionaire head of the U.S.’ biggest bank, lauded Tesla CEO Elon Musk, the richest man on the planet and a key part of President Donald Trump’s administration, on Wednesday, squashing a long-running beef between the billionaires’ companies as Dimon becomes the latest billionaire warming to Musk or Trump.

JPMorgan Chase CEO Jamie Dimon and Tesla chief Elon Musk, once adversaries in a prolonged legal battle, have settled their differences, the banker told CNBC in an interview on Wednesday.

JPMorgan Chase ( JPM) CEO Jamie Dimon thinks Elon Musk is a modern-day Albert Einstein. “The guy is our Einstein,” Dimon said of Musk, the Tesla ( TSLA) and SpaceX CEO who has become a top ally to President Donald Trump. “I’d like to be helpful to him and his companies as much as we can.”

"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland, Wednesday. "The guy is our Einstein," the JPMorgan chief said. "I'd like to be helpful to him and his companies as much as we can.

JPMorgan Chase announced a flurry of executive role changes Tuesday that raised new questions about who could succeed CEO Jamie Dimon in the bank's top job.

Jamie Dimon agreed Wednesday with an analyst's assessment that his "base case" for stepping down as JPMorgan Chase CEO is a few years from now.

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.