JPMorgan has an overnight “war room” evaluating Trump’s policies
Speaking at the World Economic Forum in Davos today, the head of asset and wealth management at JPMorgan Chase told a panel that America’s biggest bank is hunkering down in the first few days of President Trump’s administration, with a “war room set up to evaluate and analyze each and every one” of the 47th president’s newly outlined policies.
Mary Callahan Erdoes, who has been tipped by some to take the top spot at JPMorgan if Jamie Dimon should step down, went on to say that early signs of the new administration’s lighter regulatory policy is creating “a very pro-business environment” and that US banks are “in the beginning of go-mode.” She also discussed the early impacts of artificial intelligence at the storied institution.
JPMorgan will be assessing and reacting to the new government’s policy shift as it looks to build on the expectation-smashing Q4 it recently reported, which saw shares jump last Wednesday.
The company’s stock is up more than 8% in the last week, building on an impressive 2024 — JPMorgan has now gained more than 52% in the last 12 months.
Mary Callahan Erdoes, who has been tipped by some to take the top spot at JPMorgan if Jamie Dimon should step down, went on to say that early signs of the new administration’s lighter regulatory policy is creating “a very pro-business environment” and that US banks are “in the beginning of go-mode.” She also discussed the early impacts of artificial intelligence at the storied institution.
JPMorgan will be assessing and reacting to the new government’s policy shift as it looks to build on the expectation-smashing Q4 it recently reported, which saw shares jump last Wednesday.
The company’s stock is up more than 8% in the last week, building on an impressive 2024 — JPMorgan has now gained more than 52% in the last 12 months.
