JPMorgan to Plow $1.5 Trillion Into US Security Industries

JPMorgan Chase & Co. vowed to funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years — an initiative that will invest billions of dollars in companies and hire bankers and other professionals.

The campaign will ramp up the amount of capital, resources and personnel that the largest US lender already dedicates to a variety of sectors, such as rare earth minerals, pharmaceutical precursors and robotics, or ventures developing defense, aerospace and energy technologies, such as drones, battery storage or grid resiliency.