'When you see one cockroach, there's probably more': Jamie Dimon warns of more credit trouble ahead

The recent collapse of subprime auto-lenders Tricolor Holdings and debt-heavy auto-parts company First Brands has raised questions about the health of the credit market. JPMorgan's CEO Jamie Dimon voiced caution over the high-profile crack-ups, saying his "antenna" is up.

"When you see one cockroach, there's probably more," Dimon said on the bank's third-quarter earnings call with analysts.

JPMorgan had no exposure to First Brands, but it's taking a $170 million hit from the Tricolor bankruptcy. After many years of a "benign credit environment," Dimon said that "hopefully" the credit cycle will unwind in a "fairly normal" way.

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