JPMorgan Will Split CEO/Chairman Roles Post Dimon [REPORT]

0
2
JPMorgan
By The original uploader was Frank.trampe at English Wikipedia [Public domain], via Wikimedia Commons

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that sources inside JPMorgan Chase & Co. (NYSE:JPM) say the bank will split the roles of chairman and CEO following the exit of current chairman and CEO Jamie Dimon. Gasparino says, “According to people inside JPMorgan, the next CEO will not be chairman.”

JPMorgan Will Split CEO/Chairman Roles Post Dimon [REPORT]

Excerpts from the report are below.

On whether JPMorgan Chase will split the roles of chairman and CEO in the future:

“Sources inside JPMorgan Chase & Co. (NYSE:JPM) tell me that there is at least talk about the next CEO. Jamie Dimon is not going to be there forever, some people say he’s got about five years and then he’s probably going to say enough is enough. According to people inside JPMorgan, the next CEO will not be chairman.”

Top value fund managers are ready for the small cap bear market to be done

InvestorsDuring the bull market, small caps haven't been performing well, but some believe that could be about to change. Breach Inlet Founder and Portfolio Manager Chris Colvin and Gradient Investments President Michael Binger both expect small caps to take off. Q1 2020 hedge fund letters, conferences and more However, not everyone is convinced. BTIG strategist Read More

Further reading- JPMorgan Insiders Believe Jamie Dimon Will Retain Dual Title [REPORT]