Dimon Rekindles Investor Love With Fresh Detail on JPMorgan’s Expenses
- Executives cheer investors with status of expansion efforts
- Annual investor day resumes after hiatus with New York event
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After five months of the share-price doldrums, five hours of presentations by JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and the bank’s other top brass offered investors a reprieve.
The biggest U.S. bank handed shareholders a hoard of information on business goals and investment strategy at its first investor day in more than two years on Monday. Shareholders, who’d been clamoring for more detail on spending plans unveiled in January, appeared to cheer the details -- sending shares to their biggest jump since November 2020.