JPMorgan's CEO used the bank's Q2 earnings call to argue companies should prioritize organic growth rather than rely on M&A to mask weak internal expansion.
Jamie Dimon said share buybacks should be treated as an active investment choice rather than a simple way of returning capital to shareholders. Speaking on JPMorgan's Q2 earnings call Tuesday, he also said companies should stop using M&A (mergers and acquisitions) as cover and instead put more emphasis on organic growth.