Jamie Dimon says JPMorgan wants to go shopping — and has $20 billion to spend
JPMorgan Chase CEO Jamie Dimon announced that the bank is considering acquisitions with a budget of up to $20 billion. This marks a significant shift for JPMorgan, which has traditionally focused on internal growth rather than large-scale acquisitions. Dimon emphasized that any potential deal must align with the bank's operations and culture, avoiding purchases that merely mask underlying performance issues.
- ▪Jamie Dimon stated that JPMorgan is looking for acquisition opportunities and could spend between $10 billion and $20 billion over the next few years.
- ▪The bank's current assets exceed $4 trillion, making it the largest bank in the U.S. and the fifth-largest globally.
- ▪Dimon has historically resisted major acquisitions, preferring to invest in technology and internal growth.
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Business Jamie Dimon says JPMorgan wants to go shopping — and has $20 billion to spend By James Franey Published May 27, 2026, 12:26 p.m. ET See more of our coverage in your search results. Add The New York Post on Google JPMorgan Chase CEO Jamie Dimon said Wednesday the Wall Street giant could drop up to $20 billion on an acquisition, teeing up what would rank as the biggest deal of his 20-year run atop the country’s largest bank. Dimon told analysts at a New York financial conference that JPMorgan is hunting for possible targets, saying the bank could put $10 billion to $20 billion to work over the next couple of years. “I do think there might be opportunities, and so we are on the lookout,” he said at the forum organized by investment firm Bernstein.
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