Jamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’

-- Jamie Dimon has long joked that his retirement is five years away, no matter when he’s asked. But not on Monday.Hims Debuts $199 Weight-Loss Shots at 85% Discount to Wegovy

“It’s up to the board — it’s not up to me,” Dimon said on Monday. “I have the energy that I’ve always had. That’s important. I think when I can’t put the jersey on and give it my fullest, I should leave, basically.”Earlier, the bank raised its forecast for this year’s net interest income to $91 billion after last month predicting a $90 billion haul, on less than expected interest rate cuts by the Federal Reserve.

The regulation onslaught, as consumer and community bank CEO Lake called it during her presentation, has the potential to profoundly impact consumers, she said. In an era of increased inflationary pressures, consumers are seeking out bargains and value-driven offerings. This trend has prompted retail giant Target to adopt a new pricing strategy, slashing prices on a range of consumer staple items across their stores. Ahead of the highly anticipated summer season, Target has announced price reductions on approximately 5,000 items, with 1,500 of these items getting immediate markdowns.

Bloomberg Marianne Lake Jpmorgan Chase & Co. Investment Bank

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