Jamie Dimon, CEO of JPMorgan Chase, said Wednesday that he thinks he would beat President Trump in an election, though he doesn't plan on running.

"I think I could beat Trump ... because I'm as tough as he is, I'm smarter than he is. I can't beat the liberal side of the Democratic Party. ... And by the way this wealthy New Yorker actually earned his money, it wasn't a gift from Daddy."

Yes, but: Dimon quickly backtracked on his remarks after making them. In a statement to Bloomberg, Dimon later said his comments prove he "wouldn't make a good politician. I get frustrated because I want all sides to come together to help solve big problems.”