JPMorgan (JPM) Plans to Grow Consumer Deposit Market Share

JPMorgan (JPM) aims to capture 15% of the nation’s consumer deposits, Marianne Lake, CEO of the Consumer and Community Banking segment, said in an interview with Reuters. This aligns with the company’s aim to expand its market share and scalability.As of the end of June 2023, JPM accounted for an 11.3% share of U.S. retail deposits.Lake stated, “Market share is a game of inches, and it is a very powerful game. While we are not putting any timeline on it, our strategies are geared towards achieving it.”As of ...