JPMorgan Lifts 2026 Expense View to $106 Billion, Eyes Up to $20 Billion in Acquisitions
Updated
Updated · Reuters · May 27
JPMorgan Lifts 2026 Expense View to $106 Billion, Eyes Up to $20 Billion in Acquisitions
4 articles · Updated · Reuters · May 27
JPMorgan said 2026 expenses will run about $106 billion, up $1 billion from prior guidance, and its shares fell nearly 3% in morning trading.
Jamie Dimon said stronger business performance drove the higher cost outlook, but investors focused on the risk that rising expenses could squeeze margins and profitability.
Dimon also said the bank is watching for deals and could spend $10 billion to $20 billion on an acquisition over the next couple of years, with analysts pointing to fintech or AI as possible targets.
That expansion push comes as JPMorgan expects second-quarter investment-banking fees to rise 10% or more and trading revenue to grow about 11%, helped by a stronger Wall Street deal pipeline.
With record profits, why is JPMorgan cutting its interest income forecast while raising costs?
Is JPMorgan's billion-dollar spending hike a smart investment or a risky gamble in today's economy?