JPMorgan Chase held its annual investor day on February 23-24, 2026, where the company maintained its 2026 adjusted expense forecast at $105 billion and reaffirmed its return on tangible common equity target of 17%. The bank increased its 2026 net interest income projection to $104.5 billion, up $1.5 billion from the previous month's forecast. JPMorgan announced plans to allocate $19.8 billion of its yearly spending to technology in 2026. CEO Jamie Dimon stated the bank expects to be a winner in the artificial intelligence race and dismissed fears about how AI will impact JPMorgan. The CFO indicated business pipelines remain strong and the bank expects retail deposit growth to resume in 2026. Dimon also stated he would remain CEO for a few more years and noted he sees parallels to the pre-2008 financial crisis era, observing that some competitors are engaging in risky behavior.
Read full analysisJPMorgan Chase held its annual investor day on February 23-24, 2026, where the company maintained its 2026 adjusted expense forecast at $105 billion and reaffirmed its return on tangible common equity target of 17%. The bank increased its 2026 net interest income projection to $104.5 billion, up $1.5 billion from the previous month's forecast. JPMorgan announced plans to allocate $19.8 billion of its yearly spending to technology in 2026. CEO Jamie Dimon stated the bank expects to be a winner in the artificial intelligence race and dismissed fears about how AI will impact JPMorgan. The CFO indicated business pipelines remain strong and the bank expects retail deposit growth to resume in 2026. Dimon also stated he would remain CEO for a few more years and noted he sees parallels to the pre-2008 financial crisis era, observing that some competitors are engaging in risky behavior.
JPMorgan Chase is the largest U.S. bank by assets, operating across consumer banking, investment banking, asset management, and commercial banking. CEO Jamie Dimon, who has led the firm for over two decades, is closely watched as a bellwether voice on the U.S. economy and credit conditions. The bank's annual investor day — where it defended a $105 billion expense budget and nearly $20 billion in technology spending while Dimon warned of pre-crisis parallels — triggered a two-day selloff now totaling roughly 5%.