Jamie Dimon said JPMorgan could spend up to $20 billion on an acquisition over the next couple of years, with the new report framing the opportunity around regulatory shifts and technology-driven changes in financial services.
JPMorgan CEO Jamie Dimon said the bank could spend up to $20 billion on an acquisition over the next couple of years. He described mergers and acquisitions as a last resort and warned that deals can mask weak organic growth. A new report adds that JPMorgan may see openings created by regulatory shifts and technology advances that could help it strengthen its position against competitors in financial services.