{"id":4483,"date":"2026-05-27T14:19:59","date_gmt":"2026-05-27T14:19:59","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/jamie-dimon-says-jpmorgan-chase-could-do-20-billion-acquisition\/"},"modified":"2026-05-27T14:19:59","modified_gmt":"2026-05-27T14:19:59","slug":"jamie-dimon-says-jpmorgan-chase-could-do-20-billion-acquisition","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/jamie-dimon-says-jpmorgan-chase-could-do-20-billion-acquisition\/","title":{"rendered":"Jamie Dimon says JPMorgan Chase could do $20 billion acquisition"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108222450\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Jamie Dimon, CEO of JPMorgan Chase, speaks at the American Business Forum at the Kaseya Center in Miami on Nov. 6, 2025.<\/p>\n<p>Chandan Khanna | AFP | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">JPMorgan Chase<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> CEO Jamie Dimon said Wednesday that his bank could spend up to $20 billion on an acquisition in the coming years.<\/p>\n<p>A deal that size would be the largest of Dimon&#8217;s 20-year tenure atop JPMorgan and test regulators&#8217; appetite for consolidation among the biggest U.S. banks.<\/p>\n<p>&#8220;I do think there might be opportunities, and so we are on the lookout,&#8221; Dimon told analysts at a New York financial conference.<\/p>\n<p>&#8220;There might be, in the next couple years, a chance to put $10 [billion] or $20 billion to work buying something,&#8221; Dimon said.<\/p>\n<p>The comments came with caveats. Dimon framed acquisitions almost as a tool of last resort, not a growth strategy, and warned that bankers who lean too hard on dealmaking are often compensating for poor organic growth. <\/p>\n<p>&#8220;You sit around a lot of management meetings, the first thing they do when they&#8217;re not doing well in organic growth is they start to bullsh-t about M&amp;A,&#8221; Dimon said. &#8220;I don&#8217;t want to hear about M&amp;A&#8230; What are you doing to grow your business \u2014 sales, branches, tech, profits, products, services?&#8221;<\/p>\n<p>Any takeover target, he said, would need to integrate cleanly into JPMorgan&#8217;s existing operations, fit the bank&#8217;s culture, and enhance core businesses rather than sit as a separate standalone unit.<\/p>\n<p>&#8220;It can&#8217;t be just a pie-in-the-sky type of thing,&#8221; Dimon said.<\/p>\n<p>JPMorgan has mostly grown organically in recent years, with the notable exception of its FDIC-assisted acquisition of First Republic Bank in 2023. It made a $10.6 billion payment to the regulator as part of that transaction.<\/p>\n<p>Under Dimon, the bank&#8217;s largest and most consequential M&amp;A deals were mostly crisis-era acquisitions of regulated banks, including First Republic, Bear Stearns and the retail operations of Washington Mutual.<\/p>\n<p>The firm also acquired a string of smaller fintech firms, but slowed down after spending $175 million to acquire Frank in 2021, a college aid startup that was later revealed to be a fraud.<\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jamie Dimon, CEO of JPMorgan Chase, speaks at the American Business Forum at the Kaseya Center in Miami on Nov. 6, 2025. Chandan Khanna | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon said Wednesday that his bank could spend up to $20 billion on an acquisition in the coming years. A deal that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2666,805,423,2268,2267,422],"class_list":["post-4483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-acquisition","tag-billion","tag-chase","tag-dimon","tag-jamie","tag-jpmorgan"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=4483"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/4484"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=4483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=4483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=4483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}