Insiders

JPMorgan Chase Shares Slip After Dimon Hints at Exit

May 20, 2024 at 01:17 pm EDT

By Ben Glickman

Shares in JPMorgan Chase slipped lower Monday after Chief Executive Jamie Dimon hinted he may retire sooner than expected.

The stock was down 2.2% to $200.36 shortly after noon Monday, after being down slightly earlier in the trading session. Shares are up about 18% this year.

Dimon said at the company's investor day that the timetable for his departure was no longer five years. He did not give more detail.

When asked about succession plans recently, Dimon has regularly said it was several years off.

Dimon also noted at the investor day that the company was not going to make significant share buybacks at the stock's current prices.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

05-20-24 1316ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	JPMORGAN CHASE & CO.	202.6 USD	+1.66%	+0.96%	582B

Jamie Dimon

Mr. James Dimon is a Chairman & Chief Executive Officer at JPMorgan Chase Bank, NA and JPMorgan Chase & Co. and a Member at The Business Council. He became Chairman of the Board on December 31, 2006, and has been Chief Executive Officer and President since December 31, 2005. Mr. Dimon is on the Board of Directors of Harvard Business School and Catalyst; Chairman of the Business Roundtable; and a member of The Business Council. He is also on the Board of Trustees of New York University School of Medicine. He does not serve on the board of any publicly traded company other than JPMorgan Chase. Mr. Dimon was President and Chief Operating Officer following JPMorgan Chase’s merger with Bank One Corporation in July 2004. At Bank One, he was Chairman and Chief Executive Officer from March 2000 to July 2004. Before joining Bank One, Mr. Dimon held a wide range of executive roles at Citigroup Inc., the Travelers Group, Commercial Credit Company and American Express Company. He graduated from Tufts University and received an M.B.A. from Harvard Business School.

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JPMorgan Chase Bank, NA (Investment Management) JPMorgan Chase Bank, NA (Investment Management) Investment ManagersFinance JPMorgan Chase Bank, NA (Investment Management) (JPMC-IM) is the investment management division of JPMorgan Chase Bank, NA, ultimately held by JPMorgan Chase & Co. (NYSE: JPM), a global financial services firm. Headquartered in New York City, JPMC-IM provides asset management services for corporations, institutional investors, hedge funds, governments, healthcare organizations, educational institutions and affluent individuals.	Chief Executive Officer
JPMORGAN CHASE & CO.	Chief Executive Officer

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