UPDATE 1-JPMorgan chief backs reg reform, CEOs more upbeat

* Dimon hopes regulation bill will be good for economy

* CEOS concerned about U.S. deficit

* Companies hiring more aggressively, have liquidity

WASHINGTON, May 5 (BestGrowthStock) – JPMorgan Chase & Co (JPM.N: )
Chairman Jamie Dimon says he hopes a strong financial
regulatory bill will emerge that will also be good for the U.S.
economy.

“We’ve support many of the administration’s proposals,”
Dimon told reporters. “At this point the devils are in the
details and we just hope that all those involved take the time
to go through the consequences.”

“We’re hopeful that somehow we’ll end up with a strong
regulatory bill that will also be very good for the future of
the economy,” he said.

Dimon and Caterpillar Inc (CAT.N: ) CEO Jim Owens spoke to
reporters about the results of a survey of industry chiefs on
how they feel about the future of their companies.

Dimon said CEOs expressed concern about the long-term U.S
fiscal deficit and they see positive signs of broad-based,
economic growth in the United States, Europe and Asia.

Dimon added that consumer delinquencies are improving,
consumer spending is up, companies have plenty of liquidity and
companies are hiring more aggressively this year.

“We need a strong, vibrant, globally competitive financial
services sector because it supports our success as businesses,”
Owens said.

Stock Market Money

(Reporting by John Poirier; Editing by Steve Orlofsky)

UPDATE 1-JPMorgan chief backs reg reform, CEOs more upbeat