JPMorgan's Challenges and Succession Plans Impact Investors.
TL;DR Summary
JPMorgan outlined its growth and spending plans at its 2023 Investor Day on Monday, highlighting challenges such as tech spending, economic headwinds, and cyber attacks. Despite these challenges, the bank continues to spend big, especially on tech, and sees opportunities in its recent acquisition of First Republic Bank. CEO Jamie Dimon also discussed his management style and succession plan during the event.
Topics:business#economic-headwinds#finance#first-republic-bank#investment-banking#jpmorgan#tech-spending
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- FirstFT: JPMorgan plans 'unmatched' $15.7bn spending spree Financial Times
- Surveillance: JPMorgan Reaps Boon in Crisis That Never Happened Bloomberg
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