JPMorgan's Jamie Dimon Remains Committed and Confident in Management.
TL;DR Summary
JPMorgan CEO Jamie Dimon stated that his intensity "is the same" after nearly 18 years as boss of the nation's largest bank, but acknowledged that he can't be CEO "forever". He didn't offer any hints as to which of his executives might have the best chance of taking his job someday, but did say the bank's directors know all of his senior managers and the succession question is "up to them". The bank also raised its forecast for net interest income by $3bn due to its May 1 acquisition of the bulk of First Republic. Additionally, JPMorgan plans to invest an additional $1bn into artificial intelligence investments by the end of the year.
Topics:business#artificial-intelligence#finance#first-republic#jamie-dimon#jpmorgan#succession-planning
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