From Quiver Quantitative: 2025-05-19 23:34:00

JPMorgan CEO Jamie Dimon confirms succession plans on track, no new timeline provided. Net interest income set to increase by $1 billion this year despite geopolitical challenges. Investment banking fees expected to decline in Q2. AI tools may reduce headcount by 10% over five years. Bank aims for 15% share of U.S. consumer deposits and 20% credit card spending. Marianne Lake predicts 10% headcount reduction through AI-driven efficiency. JPMorgan remains cautious on M&A, focusing on strategic deals. Leadership contenders being considered for Dimon’s successor.



Read more at Quiver Quantitative: AI Efficiency to Trim JPMorgan (JPM) Headcount by 10% Over Five Years