JPMorgan Seeks $10 Billion-$20 Billion Acquisition Within 2 Years, Dimon Says
Updated
Updated · Bloomberg · May 27
JPMorgan Seeks $10 Billion-$20 Billion Acquisition Within 2 Years, Dimon Says
8 articles · Updated · Bloomberg · May 27
$10 billion to $20 billion is the size JPMorgan could deploy on a purchase over the next couple of years, Jamie Dimon said at Bernstein’s Strategic Decisions Conference.
Dimon said the bank is “on the lookout” for a target, signaling active deal hunting rather than a specific transaction already in motion.
A deal of that scale would rank as Dimon’s biggest in about 20 years and would exceed the bank’s 2023 First Republic acquisition.
Dimon has framed acquisitions as a last resort to strengthen JPMorgan’s core businesses, not the bank’s main growth strategy.
To counter fintech rivals, would JPMorgan's next big buy be a traditional bank or a major technology company?
Amid a bank M&A boom, is Dimon’s caution a strategy or a sign JPMorgan sees risks others are ignoring?