JPMorgan investors weigh CEO Dimon’s strategy, succession after record year

NEW YORK, May 16 (Reuters) – With JPMorgan Chase (JPM.N), opens new tab coming off a year of record profits, investors are eager to learn about the firm’s succession plans, investments in artificial intelligence and opportunities beyond traditional banking.

Chief Executive Jamie Dimon and his team will be presenting their growth strategies and financial targets on Monday at JPMorgan’s investor day in New York.

More than 18 years into Dimon’s tenure as CEO of the bank, JPMorgan’s shares are trading near record levels.

Still, Dimon said the bank needs to grow and stay ahead of a varied group of competitors including rival banks, fintech companies and private creditors.

He delivered the message at a gathering of hundreds of the bank’s top leaders in Miami in February, reminding them not to get complacent, according to two sources who were present at the event but declined to be identified discussing an internal meeting. A JPMorgan spokesperson confirmed the content of the meeting.

Source: REUTER