Key Takeaways JPM is adding 14 new Financial Centers and plans to double its total to 32 locations by 2026. The bank plans to open 500 more branches by 2027 to deepen relationships and boost cross-selling. JPM shares are up 10.3% YTD, outperforming BAC and PNC, despite a projected 2025 earnings decline.JPMorgan (JPM) , the largest U.S. bank, is doubling down on physical expansion to strengthen its competitive edge in relationship banking. With 4,975 branches as of March 31, 2025, more than any other U.S. ...

JPMorgan Chase has handed a new job to a top banker who is seen as a possible successor to its legendary, 69-year-old boss Jamie Dimon.Marianne Lake — the 55-year-old head of the financial giant’s consumer and community banking units — has been tapped to run JPMorgan’s strategic growth office as well as its overseas consumer business, a source close to the bank’s leadership confirmed.In a memo to staffers, CEO Dimon and president Daniel Pinto wrote that Lake “will continue to build on the achievements of th ...

JPMorgan CEO Jamie Dimon said his gig isn’t up at America’s largest bank on Monday, insisting in an exclusive interview with Fox Business that his retirement is “several years away.”The bank’s succession planning has been under scrutiny on Wall Street in recent months as Dimon approaches two decades in the top job.“Obviously, it’s always up to God and the board,” the 69-year-old told Maria Bartiromo. 3 Dimon gave a speech to the Reagan National Economic Forum in California last week in which he first made ...

公司收购与增长 - 摩根大通在2023年区域银行危机期间收购了陷入困境的第一共和银行 此举巩固了公司的声誉 [1] - 收购被摩根大通视为增长机会 而竞争对手当时需要寻求支持 [1] 投资者偏好 - 投资者关注公司在收入 盈利和自由现金流方面的增长 [1] - 投资者青睐具有良好增长前景的公司 [1] - 投资者偏好估值有利的股票 [1] - 投资者倾向于选择自由现金流利润率高的稳定增长公司 [1] - 投资者对派发股息和实施慷慨股票回购计划的公司感兴趣 [1]

Sarah Kapnick started her career in 2004 as an investment banking analyst for Goldman Sachs. She was struck almost immediately by the overlap of financial growth and climate change, and the lack of client advisory around that theme.Integrating the two, she thought, would help investors understand both the risks and opportunities, and would help them use climate information in finance and business operations. With a degree in theoretical mathematics and geophysical fluid dynamics, Kapnick saw herself as uniq ...

业务扩张 - 摩根大通在加利福尼亚、佛罗里达、马萨诸塞和纽约新增14家高端金融中心 使总数达到16家 并计划到2026年将数量翻倍 [1] - 这些金融中心针对高净值客户提供私人会晤空间和专属服务 客户可享受高级私人银行家和全套财富管理解决方案 [2] - 公司同时运营14个远程办公室 为偏好虚拟服务的客户提供灵活支持 [3] - 摩根大通拥有美国最大分行网络 覆盖本土48州 去年新增150家分行 计划到2027年再开500家 [5] 财务表现 - 净利息收入(NII)五年(2019-2024)复合增长率达10.1% 主要受益于2022年起的加息周期和2023年收购第一共和银行 [7] - 2025年一季度NII增长强劲 得益于贷款存款增长和信用卡业务循环余额增加 [7] - 首席财务官预计2025年NII可能增加10亿美元 全年NII展望为945亿美元(同比增长近2%) 其中45亿美元来自市场NII [8] - 同行比较：美国银行预计NII同比增长6-7% 富国银行预计增长1-3% [9] 资本市场业务 - 投行业务费用2024年同比激增37% 扭转了2023年下降5%和2022年暴跌59%的颓势 [10] - 2024年市场收入因交易量和波动性增加而增长7% [10] - 2025年二季度投行费用预计同比下降中双位数(上季度为24.6亿美元) 但市场收入预计实现中高个位数增长 [11][12] - 公司保持全球投行费用排名第一的地位 长期投行业务前景强劲 [13] 战略收购 - 2023年增持巴西C6银行股份至46% 收购金融科技公司Cleareye.ai和Aumni [14] - 2023年收购第一共和银行显著提升财务表现 [15] - 2022年收购Renovite 希腊Viva Wallet 49%股权和Global Shares [15] - 正在欧盟扩张数字零售银行Chase 并加强在中国投行和资产管理业务 [16] 股东回报 - 2025年3月宣布季度股息增加12%至每股1.40美元 2024年9月曾加息8.7% 过去五年股息年化增长率6.77% [18] - 当前派息率为盈利的27% [18] - 2024年7月启动300亿美元股票回购计划 截至2025年3月剩余117亿美元额度 [19] 资产质量 - 贷款损失准备金2022年激增169% 2023年增45.9% 2024年增14.9% [20] - 净核销额(NCOs)2023年增117.6% 2024年增39.1% 2025年一季度延续上升趋势 [20] - 预计2025年信用卡净核销率约3.6% 2026年可能升至3.6-3.9% [22] 估值表现 - 2025年股价上涨10.7% 跑赢标普500指数(下跌1.8%)及同行美国银行和富国银行 [23] - 当前远期市盈率14.17倍 高于行业平均13.35倍 美国银行为11.32倍 富国银行为12.02倍 [26][28] - 2025年和2026年盈利预测过去7天被上调 但2025年共识预期仍显示盈利同比下滑7.1% [29][32] - 管理层预计2025年非利息支出将达950亿美元(2024年为911亿美元) [32]

JPMorganChase is accelerating the rollout of the affluent banking offering it introduced late last year.Two of these J.P. Morgan Financial Centers opened in late 2024, and now 14 more will officially open this week, the bank said in a Tuesday (May 27) press release.The bank plans to continue adding J.P. Morgan Financial Centers and to have 31 in operation by the end of 2026, according to the release.“Through these Financial Centers, we are redefining how affluent clients are served, offering a highly person ...

JPMorgan Chase & Co. (JPM) is expanding its Middle East presence with plans to hire more than 100 staff to its businesses across the region in the coming years.The announcement was made by Mary Callahan Erdoes, CEO of JPMorgan’s asset and wealth management business, at the Qatar Economic Forum in Doha. “It is a very exciting time for everybody to be thinking about this”, Erdoes stated.Details of JPM’s Expansion in the Middle EastJPMorgan currently operates across the Middle East region, including Abu Dhabi, ...

JPMorgan CEO Jamie Dimon still isn't a fan of Bitcoin but he's not letting his personal feelings get in the way of business at the bank.  "When I look at the Bitcoin universe, the leverage in the system, the misuse," he said at the company’s annual investor day Monday in New York. Noting that bad actors can use it for sex trafficking and terrorism. "I am not a fan of it. We are going to allow you to buy it. And we're not going to custody it. We're going to do is put it on statements for clients. So, you kno ...

JPMorgan Chase (JPM) FY 2025 Annual General Meeting May 20, 2025 10:00 AM ET Speaker0 Welcome to the Annual Shareholders Meeting for JPMorgan Chase and Co, which will be led by Jamie Dimon, Chairman and CEO of JPMorgan Chase. Speaker1 Good morning, folks. It is 10AM, and I'm pleased to call to order the Annual Meeting of Shareholders of JPMorgan Chase and Company. I'm Jamie Diamond, Chairman of the Board and Chief Executive Officer, and I'm the Chair of this meeting. With me today is Daisy Friedman, our Gen ...