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JPMorgan's 'Jamie premium' to be tested as CEO succession looms

Channel News Asia LogoChannel News Asia18h ago

JPMorgan's 'Jamie premium' to be tested as CEO succession looms - Channel News Asia

Quick Summary:

NEW YORK : Questions hang over who will succeed JPMorgan Chase CEO Jamie Dimon and when, but analysts and investors say one thing is almost certain: the bank's stock will slump when the powerful bank chief eventually departs.

When last year's regional banking turmoil threatened to destabilize the industry, Dimon acquired First Republic and made the nation's biggest lender even bigger.

Analysts have also compared Dimon's leadership to that of Warren Buffett, the 94-year-old billionaire chief of Berkshire Hathaway, because both leaders are so closely identified with the success of their companies.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 18:02:47 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 1268 words

Reading Time: 8 minutes read

Sentences: 55 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22789299

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 53 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 48 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://beamstart.com/news/jpmorgans-jamie-premium-to-be-17277004361547

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