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- JPMorgan CEO Jamie Dimon said commercial property distress likely won't reach crisis levels.
- But the CEO dismissed analysts' estimates of 70%-80% odds of a "soft landing," saying he predicts "half of that."
- He said he believe that problems at regional banks won't have a "domino effect."
Jamie Dimon said the distress in the US commercial property sector won't become a full-blown crisis, and will only deteriorate if the US hits a recession.
The CEO of JPMorgan Chase told CNBC on Monday that many real estate owners can manage the current level of stress weighing on the market, and rising defaults are "a normalization process" as long as the US can steer clear of a recession.