Additionally, JPMorgan outlined its approach to share buybacks, with CEO Jamie Dimon providing insights into his decision not to pursue aggressive repurchases. Dimon also touched upon his succession plans and artificial intelligence.breaks down the details of the event, shedding light on the key themes that emerged from JPMorgan Chase's investor day.
Now he always cages that as it being a personal uh judgment um earlier uh that today uh CFO actually did touch on maybe more buybacks being in the cards, being a possibility.Um, uh, Jamie Diamond also did talk about his succession plans and he didn't give us, he didn't give us a date per se. Um But then we have this combination of the commercial bank and the investment bank and trading and all these other things that's cib the, the commercial and investment bank and that's a new reshuffling of management.
I mean, without ever having a true answer for what the market is doing, it seems like that's probably where things the stock start began selling off around the time. -- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion.
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