JPMorgan Chase CEO Jamie Dimon says the bank could spend up to $20 billion on a big acquisition in the next two years, but only if the right opportunity shows up.
He shared this at a conference, saying the bank is open to deals but not desperate for them. Any company JPMorgan buys must fit well with its business and culture. Dimon also made it clear that buying companies is not a replacement for building the business from within.
He stressed that growth should mainly come from everyday work like improving services, expanding branches, strengthening technology, and boosting profits—not just mergers and acquisitions.
JPMorgan has done large deals before, including the First Republic Bank takeover in 2023, as well as major crisis-era purchases like Bear Stearns and Washington Mutual.
At the same time, the bank continues to study changes in digital finance. In a recent report, it said stablecoins are still far more widely used than tokenized funds in crypto markets. Stablecoins are used heavily for trading, payments, and collateral.
The report also noted that tokenized funds only make up a small part of the market because they are harder to use, since they require more steps to enter and exit compared to stablecoins.
