JPMorgan CEO Jamie Dimon Aims to Stay for 5 More Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- No Interest in Fed Chair: JPMorgan CEO Jamie Dimon stated at a U.S. Chamber of Commerce event that he has absolutely no interest in becoming the Federal Reserve Chair, emphasizing his love for his current role and focus on the future.
- Open to Treasury Role: While rejecting the Fed Chair position, Dimon indicated he would consider a call from the president to serve as Treasury Secretary, showcasing his openness to public service.
- Strong Desire to Continue: Dimon expressed his intention to remain CEO of JPMorgan for at least another five years, asserting that as long as he has the energy and passion, he will continue in his role, reflecting his commitment and leadership.
- Succession Plan Stability: A JPMorgan spokesperson confirmed that Dimon's succession plan remains unchanged, despite his expectation to step down within five years, indicating stability in the company's leadership transition.
Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPM is 344.31 USD with a low forecast of 305.00 USD and a high forecast of 370.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
11 Buy
6 Hold
0 Sell
Moderate Buy
Current: 307.870
Low
305.00
Averages
344.31
High
370.00
Current: 307.870
Low
305.00
Averages
344.31
High
370.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





