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JPMorgan Has ‘Sense of Urgency’ in Search for Acquisitions

  • Search for potential targets in asset management in particular
  • Inflation is ‘getting a lot of attention,’ CFO Piepszak says
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JPMorgan Chase & Co. is stepping up its search for acquisition targets as competition intensifies from financial-technology firms and other new rivals.

The effort is being driven by “perhaps a greater sense of urgency,” Chief Financial Officer Jennifer Piepszak said Thursday at a virtual investor conference. “There are businesses like asset management where scale matters even more than it did a year ago. And then other businesses where the need to move quickly and to innovate quickly to keep up with competition is certainly accelerating.”