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 ...

Core Viewpoint - JPMorgan Chase is considered one of the best bank stocks, but it comes at a high valuation, with a market capitalization of $578 billion, significantly larger than its closest competitor, Bank of America [1][2] Group 1: Company Performance - JPMorgan is projected to grow 13% and reach a stock price of $227 per share within a year according to Jefferies analyst Ken Usdin [1] - The bank has a return on equity (ROE) of 15.7% and a return on assets (ROA) of 1.3%, which are key performance indicators for banking investors [2] - JPMorgan's stock has outperformed the S&P 500 by nearly 20 percentage points over the past year, indicating strong market performance [2] Group 2: Investment Considerations - JPMorgan's price-to-book (P/B) ratio is 1.9, which is higher than many rival banks, suggesting that while it has superior performance metrics, it is not priced cheaply [2][3] - The bank is valued at just over 12 times earnings, with a projected long-term growth rate of 4%, which may not justify the current stock price [3] - Despite the high valuation, JPMorgan is viewed as a smart investment option for bank investors, particularly if acquired at a more favorable price [3]

JPMorgan Chase & Co. (JPM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned +11.5%, compared to the Zacks S&P 500 composite's +2.5% change. During this period, the Zacks Banks - Major Regional industry, which JPMorgan Chase & Co. falls in, has gained 8.3%. The key question now is: What could be the stock's fu ...

The Women Presidents Organization announces the businesses on this year's list ahead of annual Entrepreneurial Excellence ForumNEW YORK, May 15, 2024 /PRNewswire/ -- Today, the Women Presidents Organization (WPO) announced the businesses recognized on the annual 50 Fastest Growing Women-Owned/Led Companies ranking, sponsored by JPMorgan Chase. Companies in the health and wellness industries lead this year's list, alongside firms specializing in security, technology, staffing, human capital management and pr ...

Amid the stock market gaining traction once again, it is odd to see insiders from large financial institutions selling their holdings. This usually signals an impending market downturn or internal problems that may affect the stock’s value.Confirming this trend, we’ve seen a surge in insider sales of JPMorgan (NYSE: JPM) stock, with insiders unloading over $10 million worth of JPM shares in just a few days. Notable sellers include Asset & Wealth Management’s Chief Executive Officer, Mary Erdoes, its Chief R ...