Jamie Dimon Calls JPMorgan’s Frank Acquisition a ‘Huge Mistake’

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called the firm’s botched acquisition of college financial-planning website Frank “a huge mistake” and vowed to share takeaways at a later date.

“I’ll tell you the lessons learned here when this thing is out of litigation,” Dimon said Friday on a conference call to discuss fourth-quarter earnings.