Margin Debt Hits All-Time High Under Dimon's Warning
JPMorgan Chase CEO Jamie Dimon has sounded the alarm on margin debt, warning that it has reached an all-time high of $1.502 trillion in June 2026.
This represents a 77% surge over just 14 months from April 2025 levels, according to FINRA data.
Dimon emphasized that much of the real leverage sitting in financial markets never appears in official margin debt statistics.
He pointed to borrowing hidden in prime brokerage accounts, hedge funds, leveraged exchange-traded funds, and Treasury market trades as examples of 'hidden' leverage.