JPMorgan's Dimon Sees 2026 Costs Near $106 Billion vs. $105 Billion Guidance
Jamie Dimon said JPMorgan's 2026 expenses could come in closer to $106 billion, above the bank's $105 billion guidance. He said the higher expense outlook would likely be driven by better performance.
Dimon also said he personally thinks JPMorgan is "over-earning" right now and that the bank could have an opportunity to put $10 billion to $20 billion to work on a purchase. The comments suggest JPMorgan is weighing higher costs alongside potential room for dealmaking.
From the sources (7 posts)
@firstsquawkDIMON: 'I PERSONALLY THINK THAT RIGHT NOW WE'RE OVER-EARNING
@deitaoneJPMORGAN'S DIMON SAYS THIS YEAR EXPENSES COULD BE HIGHER
@firstsquawkJPMORGAN'S DIMON SAYS THIS YEAR EXPENSES COULD BE HIGHER
@zerohedge*DIMON: 'I PERSONALLY THINK THAT RIGHT NOW WE'RE OVER-EARNING' *JPMORGAN SHARES TURN NEGATIVE; DOWN 0.3%
@zerohedge*DIMON: 2026 COSTS COULD BE CLOSER TO $106B VS. $105B GUIDANCE
@zerohedge*DIMON: COULD BE OPP. TO PUT $10B-$20B TO WORK BUYING SOMETHING
@firstsquawkJPMORGAN'S DIMON SAYS HIGHER EXPENSES LIKELY TO BE HIGHER DRIVEN BY BETTER PERFORMANCE