JPMorgan Chase CEO Jamie Dimon says the bank could deploy between $10 billion and $20 billion on acquisitions in the next couple of years. Speaking Wednesday at the Bernstein Strategic Decisions Conference in New York City, Dimon also said JPMorgan has the ability to grow its businesses internally and organically, but that it is “on the lookout” for potential deals when opportunities arise. Multiple outlets report that a $20 billion acquisition would be among the largest in JPMorgan’s history, based on the scale of such transactions. The potential size of any deal could also draw regulatory attention, given JPMorgan’s position as the largest U.S. bank by assets. Bloomberg further frames Dimon’s remarks as indicating JPMorgan may have a chance to put substantial capital to work buying another company over the coming years. Overall, the reports describe Dimon’s comments as exploratory, with no specific target named and no deal announced.
Jamie Dimon says JPMorgan is looking at acquisitions totaling $10 billion to $20 billion
JPMorgan Chase CEO Jamie Dimon says the bank could deploy between $10 billion and $20 billion on acquisitions in the next couple of years. Speaking Wednesday at the Bernstein Strategic Decisions Confe...
- Jamie Dimon says JPMorgan Chase is looking for potential acquisitions.
- Dimon estimates the bank could allocate between $10 billion and $20 billion for deals.
- He makes the remarks in response to a question at the Bernstein Strategic Decisions Conference in New York.
- A $20 billion acquisition would rank among the largest deals in JPMorgan’s history.
- The reports note that a transaction of that scale could face regulatory scrutiny.
JPMorganChase could allocate $10 billion to $20 billion toward acquisitions in the next couple of years, CEO Jamie Dimon said Wednesday (May 27). Dimon said this in response to a question while speaking at the Bernstein Strategic Decisions Conference in New York City. He began his response by saying that JPMorganChase can grow every business internally, organically. Dimon said the bank […] The post Jamie Dimon Says JPMorganChase on Lookout for Potential Acquisitions appeared first on PYMNTS.com.
3 months agoBloomberg Intelligence's Herman Chan joins Dani Burger on "Bloomberg Deals." JPMorgan Chase CEO Jamie Dimon says, “there might be, in the next couple years, a chance to put $10 billion to $20 billion to work buying something,” adding that JPMorgan is “on the lookout” for a deal. (Source: Bloomberg)
3 months agoJPMorgan Chase CEO Jamie Dimon said Wednesday the Wall Street giant could drop up to $20 billion on an acquisition, teeing up what would rank as the biggest deal of his 20-year run atop the country's largest bank.
3 months agoA $20 billion deal would be among the largest in JPMorgan's history and could invite regulatory scrutiny given its position as the largest U.S. bank by assets.
3 months ago
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