JPMorgan (JPM) stock erases earlier gains after CEO Dimon's comments on buybacks

RBC Capital Reiterates Outperform Rating on JPMorgan (JPM)

May 21, 2024 6:12 AM EDT

RBC Capital analyst Gerard Cassidy reiterated an Outperform rating and $211.00 price target on JPMorgan (NYSE: JPM)

The analyst comments "JPM held its annual investor day (presentations here) today and outlined its businesses' strategies with a focus on executing on its detailed strategic... More

JPMorgan CEO is 'cautiously pessimistic' on economy, successors in focus

May 20, 2024 6:49 AM EDT

By Nupur Anand and Lananh Nguyen

NEW YORK (Reuters) -JPMorgan Chase CEO Jamie Dimon told investors the bank's succession plans were underway, while warning investors on Monday about risks to the economic outlook.

The Wall Street firm's shares closed almost 4% lower after Dimon told a New York gathering of investors that the bank will practice restraint on share repurchases and that he no longer sees a five-year timeline on succession.

Dimon, 68, has helmed the bank for more than 18 years, outlasting many other industry chiefs. In previous years, he had answered questions about succession by saying... More

Factbox-JPMorgan leaders shaping its strategy as succession comes into focus

May 20, 2024 6:33 AM EDT

(Reuters) - At JPMorgan Chase's investor day on Monday, shareholders will focus on the bank's growth strategy and succession plans.

CEO Jamie Dimon and President Daniel Pinto are among the key executives expected to be present.

Dimon has run the largest U.S. lender for more than 18 years, and his next steps have been the subject of speculation for years.

Contenders for the top job include Jennifer Piepszak and Troy Rohrbaugh, recently appointed co-CEOs of JPMorgan's expanded commercial and investment bank, Marianne Lake, CEO of consumer and community banking, and Mary Erdoes, CEO of asset and wealth... More

UBS Reiterates Buy Rating on JPMorgan (JPM)

May 20, 2024 6:08 AM EDT

UBS analyst Erika Najarian reiterated a Buy rating and $219.00 price target on JPMorgan (NYSE: JPM).

The analyst comments "JPM hosts its annual Investor Day tomorrow, and with little changed since we last heard from the company during 1Q24 earnings, we dont think... More