Reported 4 months ago
JPMorgan Chase CEO Jamie Dimon indicated that he and the board will handle succession appropriately, with Dimon expecting to step down within five years, potentially within two and a half to four and a half years. Dimon praised the company's management team and named potential CEO candidates within the company. He also warned about risks in the non-bank lending market, particularly for small businesses, and discussed the bank's strategies for private credit. Additionally, Dimon highlighted the strength of U.S. consumer finances and business loan payments but cautioned that the current surge in net interest income may not be sustainable.
Source: YAHOO