Dimon Says JPMorgan Will Boost Costs to Compete With Stripe, SoFi, Schwab
Bloomberg.com • • general
Key Points:
- JPMorgan Chase CEO Jamie Dimon emphasized the bank's commitment to investing heavily to remain competitive against rivals like Stripe, SoFi, and Charles Schwab.
- Dimon stated the company continuously analyzes competitors' strategies to ensure JPMorgan stays ahead in the market.
- He rejected the idea of limiting expenses to meet short-term targets, prioritizing long-term leadership over cost-cutting.
- Dimon warned against complacency, highlighting the risk of JPMorgan losing ground if it fails to innovate and invest adequately.
