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.”
Excerpts from the report are below.
Since the financial crisis, Warren Buffett's Berkshire Hathaway has had significant exposure to financial stocks in its portfolio. Q1 2021 hedge fund letters, conferences and more At the end of March this year, Bank of America accounted for nearly 15% of the conglomerate's vast equity portfolio. Until very recently, Wells Fargo was also a prominent Read More
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.”