Picture: CEO Jamie Dimon. Supply: JPMorgan Chase
NEW YORK (Reuters) – JPMorgan Chase & Co’s bills in 2021 will probably high $67 billion, barely greater than analysts’ estimates, due to firm investments CEO Jamie Dimon stated on Tuesday at an investor convention.
Dimon, talking in a webcast video interview by Goldman Sachs banking analyst Richard Ramsden, additionally stated he want to purchase asset administration companies and monetary know-how firms.
Addressing the digicam, Dimon stated, “Asset management: My line is open.”
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Dimon indicated that the bank is seeing present fourth-quarter income will increase of 20% from a 12 months earlier in each buying and selling and funding banking.
He praised competitor Morgan Stanley for doing “a good job” with latest acquisitions.
Morgan Stanley stated in October that it could purchase cash supervisor Eaton Vance Corp for about $7 billion. It beforehand purchased on-line retail brokerage E*Commerce Monetary.
Dimon acknowledged that JPMorgan is just too huge to be allowed to accumulate one other deposit-taking establishment. He stated the bank has extra capital and want to use acquisitions to quicken its development.
Reporting by David Henry in New York; Enhancing by Leslie Adler and David Gregorio
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