One of Wall Street's most prominent CEOs seems to be casting an eye toward retirement. Jamie Dimon, who has led JPMorgan Chase (NYSE:JPM) since becoming CEO on Jan. 1, 2006, has indicated that he plans on stepping down in less than five years. While he hasn't named a specific date or even a year, speculation is already rising as to who will replace the man who has guided the investment bank through so much. So far, the prospect of a Jamie Dimon retirement hasn't impacted JMP stock, which is in the green tod ...

Celebrating the list's 25 years — and JPMorgan Chase's 225-year history — with an Anniversary SpotlightNEW YORK, May 21, 2024 /PRNewswire/ -- J.P. Morgan today announced its 25th annual Summer Reading List, a collection of books selected to reflect upon, inspire and propel us forward. With new titles by preeminent educators, creative entrepreneurs, and globally recognized artists and activists, the list takes readers on an adventure from the Peruvian jungle to a Tennessee distillery, Formula 1 racetracks an ...

The expectation of fewer interest rate cuts seems to be a boon for JPMorgan (JPM) . The company now projects net interest income (NII) for 2024 to be nearly $92 billion, up from the prior target of approximately $90 billion. Other than lesser rate cuts, "better-than-expected reprice and migration performance” also drove the NII guidance.JPMorgan announced this and a few other updated/new targets at the Investor Day conference yesterday. The top management also discussed the succession plan and the role of A ...

At JPMorgan Chase, getting trained in artificial intelligence is now part of being hired.The banking giant is having all new hires undergo artificial intelligence (AI) training, Mary Erdoes, who runs the firm’s asset- and wealth-management unit, said Monday (May 20).“This year, everyone coming in here will have prompt engineering training to get them ready for the AI of the future,” said Erdoes, whose comments at JPMorgan’s investor day were reported by Bloomberg News.She said AI is helping her unit in two ...

JPMorgan Chase CEO Jamie Dimon told analysts and investors Monday that he's likely to depart from the company within the next five years as his succession plan starts to come into focus. Dimon made the comments during a question-and-answer session with analysts at JPMorgan Chase's annual investor day. His remarks included a notable shift from his past comments on succession planning, though he opted against giving a definitive timeline."The timetable is not five years anymore," Dimon said. When he has previ ...

In this articleJPMJamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJamie Dimon thinks shares of JPMorgan Chase are expensive.That was the message the bank's longtime CEO gave analysts Monday during JPMorgan's annual investor meeting. When pressed about the timing of a potential boost to the bank's share repurcha ...

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the UK Global Investment Summit at Hampton Court Palace in London, UK, on Monday, Nov. 27, 2023.Jamie Dimon's days as CEO of JPMorgan Chase are numbered — though its unclear by how much.In a response to a question Monday about the bank's succession planning, Dimon indicated that his expected tenure is less than five more years. That's a key change from Dimon's previous responses to succession questions, in which his standard answer had been th ...

The tougher capital requirements the government had planned for banks may not be as tough.That’s according to a Sunday (May 19) report by The Wall Street Journal (WSJ), which argues that efforts by banking CEOs like JPMorgan Chase’s Jamie Dimon to push back against the Federal Reserve’s proposal that banks hold more capital appear to have paid off.Sources tell WSJ that regulators are now considering a plan that would “significantly” reduce an almost 20% mandated increase in capital for the largest American ...

Fund seeks to deliver JPM active management expertise and risk controls through ETF structure NEW YORK, May 17, 2024 /PRNewswire/ -- J.P. Morgan Asset Management today announced the launch of a new actively managed ETF, JPMorgan Active Developing Markets Equity ETF (JADE), on the NYSE Arca. The fund will invest in emerging markets equity securities. JPMorgan Active Developing Markets Equity ETF (JADE) uses a fundamental, bottom-up approach to seek to provide investors with opportunities in both growth and v ...

NEW YORK, May 17, 2024 /PRNewswire/ -- J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group today announced Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors. In partnership with Department of Health – Abu Dhabi, the Summit took place on May 14-15, 20 ...