JPMorgan May Be Asked to Buy More Banks: CEO Dimon

*I will rue the day when it becomes clear about JPM and its CRE exposure and its wider WAMU losses.

The U.S. banking sector is likely to see further consolidation and JPMorgan Chase may be called on by regulators for more acquisitions, Chief Executive Jamie Dimon said on a webcast call Monday.

"There are still too many banks in the United States," Dimon told Calyon Securities analyst Mike Mayo on the call.

JPMorgan is also looking to grow outside of the United States by expanding existing businesses in countries like Brazil, China, India and Russia, he said.

Consumer businesses in the United States remain under stress and the credit card business in particular is suffering, according to Dimon.

"Unemployment and home prices (are) driving losses way beyond what we expected, even (with) unemployment like this," he said.