JPMorgan Chase (JPM) Chairman and CEO Jamie Dimon said the bank can grow organically rather than have to turn to acquisitions, he said Monday during the bank’s 2026 investor update event.
“We can deploy $40B-$50B” of its excess capital over the coming years into organic growth, he said.
The bank is willing to acquire businesses when it makes sense, he said. The company has looked at payments and has acquired some. Not all have worked out, he said. But JPMorgan may be willing to try again.
Overall, “growing ourselves organically would be better,” he said.
Concerning the AI scare trade, Dimon said JPMorgan will be a winner in AI. However, it may not succeed in every use of AI. “Tech is what changes everything,” he added. “We’re going to deploy AI as best we can to help our customers.”
“There’s always a surprise in a credit cycle,” he said. “When it turns, that’s when people will be surprised more,” especially in terms of the sectors affected.
Dimon said he’s seeing similar conditions now in terms of high asset values as what he saw leading up to the 2008 financial crisis. However, the company’s discipline will keep it from doing “dumb” things. “We stick to our own rules,” he said. “We won’t do stuff the wrong way for the wrong reasons.”
JPMorgan (JPM) stock edged up 0.2% in after-hours trading.
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