Those expenses have risen 60 percent since 2000, he said.
What is more, general expenses rose 6 percent, mostly because of an increase in square feet.
Expenses rose more rapidly, up almost 38 percent, to $1.45 billion.
Expenses for the quarter, including fuel, rose 2.4 percent from the period a year earlier, which was less than expected.
The expense of fine dining has been rising for decades.
Wages for health care workers increased and expenses were rising.
Last year alone, Morgan's expenses rose 12 percent, to $5.1 billion.
For the government to lower what it pays me when my expenses are rising - that doesn't make sense.
The company noted that expenses rose nearly 30 percent, but did not disclose any reasons.
Expenses in the quarter rose only 38 percent, excluding interest.