US Top News and Analysis | Jamie Dimon says JPMorgan Chase could spend $20 billion on acquisition: 'We are on the lookout’

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JPMorgan Chase CEO Jamie Dimon told analysts at a New York financial conference that the bank could deploy up to $10 billion–$20 billion on an acquisition in the next few years, marking the largest deal of his 20‑year tenure if it materializes. However, Dimon framed M&A as a tool of last resort rather than a growth strategy, cautioning that executives who lean heavily on deals often mask weak organic growth and that any target must integrate cleanly with JPMorgan’s operations, fit its culture, and strengthen core businesses rather than exist as a stand‑alone unit. He emphasized the need for organic improvements—sales, branches, technology, profits, products, and services—over “pie‑in‑the‑sky” acquisitions. The bank’s recent M&A history includes the FDIC‑backed purchase of First Republic Bank in 2023 and earlier crisis‑era deals such as Bear Stearns and Washington Mutual’s retail arm, while its forays into fintech have been modest after a costly 2021 acquisition of the fraudulent startup Frank.

Read more: https://www.cnbc.com/2026/05/27/jamie-dimon-jpmorgan-chase-acquisition-target-size.html

#JamieDimon #JPMorganChase #FirstRepublic #BearStearns #WashingtonMutual

I’m not an economist, nor do I pretend to be one.

But with all the #news talk of #SVB & #WashingtonMutual #bank, I thought I’d look into #WaMu’s undoing

I stumbled upon this article from The Street. (I’m unfamiliar with the site.) Having been written in 2012, it seems prescient

I’m sure the #laws in place have changed since then, but I have no idea to what end
https://www.thestreet.com/investing/stocks/4-ways-washington-mutuals-bankruptcy-still-matters-11425619
@mmasnick