Jamie Dimon was awarded an 8.3% pay raise following a year of record profitability at JPMorgan and amid questions about who might succeed him as CEO.

The JPMorgan Chase chief executive, who had warned of the negative effect of tariffs, said they could be justified for national security reasons.

JPMorgan Chase CEO Jamie Dimon on Wednesday said the U.S. stock market is overvalued and explained why he’s a little more pessimistic about the global economy than your average Wall Street insider.