Overview
- At the investor day, Jamie Dimon said high asset prices and complacency raise the odds of a downturn, likened conditions to 2005–2007, and cautioned that some firms are doing “dumb things.”
- JPMorgan kept its 2026 expense outlook at $105 billion with roughly $19.8–$20 billion for technology, reflecting an about $9 billion increase as the bank navigates the most competitive environment in at least 20 years.
- The bank expects first‑quarter investment‑banking fees and markets revenue to grow by mid‑teens percentages.
- JPMorgan is leaning into private credit, having earmarked $50 billion of balance‑sheet capacity and deployed nearly $14 billion by the end of 2025.
- Executives said about 150,000 employees use the firm’s internal large language model each week, with staff reporting time savings of roughly four hours per day.