JPMorgan Chase On the Lookout for Next Acquisition

JP Morgan CEO Jamie Dimon speaking at the bank’s annual investor meeting stated, “We are looking, and we will be much more aggressive with acquisitions across the board…I do think we’ll have opportunities to do that.” Dimon noted that acquisition targets could be in adjacent business lines or in completely new areas; we’ve recently seen some huge acquisitions with Morgan Stanley taking over E*Trade and Visa purchasing Plaid; the bank is motivated amid growing competition both from big tech companies and smaller fintech companies. CNBC

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