Dimon Says JPMorgan Is Looking ‘Aggressively’ at Acquisitions
- Target for return on tangible equity left unchanged at 17%
- Raises financing levels for sustainable business practices
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Jamie Dimon sees competition everywhere he looks, so he’s vowing to be creative with what he can buy to stay ahead.
JPMorgan Chase & Co. is looking “aggressively” at acquisitions across its businesses and could buy anything that’s not another U.S. bank, the chief executive officer said at the firm’s investor day in New York Tuesday. The bank has a greater appetite for deals than in previous years, helped by regulators who are more accommodative, he said.