Top JPMorgan executive Marianne Lake, a possible Jamie Dimon successor, warns of higher costs for 2026

One of the execs considered a possible successor to Jamie Dimon as JPMorgan’s CEO warned Tuesday that the bank expects to spend a higher-than-expected $105 billion next year, sending shares lower.Marianne Lake, the US financial giant’s head of consumer and community banking, told a major banking conference in the Big Apple that “volume and growth-related expenses” were the biggest drivers of the higher costs.Marianne Lake, the head of JPMorgan’s consumer banking arm, warned that the bank would spend more th ...