CEO Jamie Dimon Claims JPMorgan Chase Will Be a ‘Winner” Despite AI Fears

2026-02-24 18:30:20

JPMorgan Chase JPM -0.13% ▼ stock was down again on Tuesday despite pushback from CEO Jamie Dimon about fears of artificial intelligence (AI). Dimon told The Wall Street Journal that the reaction to a Citrini Research article published yesterday was overblown.

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Citrini Research argued that financial firms will lose relevance as AI could take over day-to-day payments from those companies. While that would be a major blow to JPMorgan Chase and its peers, Dimon doesn’t seem worried. Instead, the CEO said that JPMorgan Chase will utilize AI to improve its customer service and said “we’ll be a winner.”

Even with his confidence, Dimon did admit that JPMorgan Chase has missed the mark in some areas. He pointed to several fintech rivals that have outperformed it in some areas, and noted that the company “got our asses kicked in certain parts.” To help overcome this issue, the company has increased its technology spending by $2 billion to $20 billion. This could help it get a handle on AI before the technology potentially overtakes the fintech sector.

JPMorgan Chase Stock Movement Today

JPMorgan Chase stock was down 0.56% on Tuesday, extending a 7.73% year-to-date decline. Even so, the stock has rallied 15.64% over the past 12 months.

JPM stock trading activity today saw some 5.12 million shares change hands as of this writing, compared to a three-month daily average trading volume of about 11.05 million units.

Is JPMorgan Chase Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for JPMorgan Chase is Moderate Buy, based on 12 Buy and eight Hold ratings over the past three months. With that comes an average JPM stock price target of $347.88, representing a potential 17.54% upside for the shares.

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