JPMorgan CEO Dimon sees firm 'over-earning' as costs may rise

Investing.com -- JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon said Wednesday that the bank is currently "over-earning" while speaking at the Bernstein Conference.

Dimon reaffirmed the bank’s net interest income guidance of $95 billion but indicated that 2026 costs could reach closer to $106 billion versus the previously provided $105 billion guidance.

The CEO disclosed that JPMorgan has 1,000 artificial intelligence use cases in development, with 50 to 60 of them classified as significant.

Dimon criticized the global systemically important bank surcharge as being "quite deliberately" anti-JPMorgan.

For the second quarter, Dimon projected markets revenue to increase 11% and investment banking revenue to rise 10%.

The CEO also noted there could be an opportunity to deploy $10 billion to $20 billion toward acquisitions.

You May Also Be Interested In

• Edgewell stock surges on report of rejected takeover bid
• Japan's Katayama, Us Treasury's Bessent Hold Online Talks, Source Says - Reuters
• JPMorgan Downgrades KFin Technologies Ltd (KFINTECH:IN) to Neutral