In an earnings release on Friday, JPMorgan Chase (JPM) CEO Jamie Dimon issued a warning about sticker inflation and that the economy is “being fueled by large amounts of government deficit spending and past stimulus." Dimon also points towards the increased amount of expenses that have increased for the bank. Hennessy Funds Portfolio Manager Dave Ellison joins Yahoo Finance to break down these expenditures and whether or not they will truly affect the greater bank sector. "Expenses are usually an offensive thing, so I don't think you cut yourself to a high stock price," Ellison explains. "So I think generally the expenses are reflective of obviously there's inflation in the industry, and these guys have a lot of brick and mortar that they need to take care of, but there is a lot of expenses competing with the onslaught of technology and other areas that they're trying to compete against." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino.

Read more --->