JPMorgan Chase

One of the new co-heads of consumer and community banking to succeed co-President Gordon Smith "is likely the ultimate next CEO of JPMorgan,” an analyst says.

Two advisors left their prior firm of 10 years after the bank’s wealth and asset management unit generated record net income in the first quarter.

The move by the nation’s largest bank is likely to be under close watch as state and federal authorities start to ease pandemic restrictions.

Joe Skarda, who was previously managing director of JPMorgan Chase’s U.S. wealth management central division, will oversee a unit that houses Key’s private bank, family wealth and mass affluent business segments.

JPMorgan’s CEO said in a memo that he expects “all U.S.-based employees will be in the office on a consistent rotational basis” by early July.

The actively managed offering will be available as soon as this summer, according to sources familiar with the plans.

He takes over for Chris Harvey, who ran the team for four years.

Evan Schottenstein, without admitting or denying the findings, agreed to the sanction after FINRA concluded he wasn’t complying with its investigation.

It could all add up to a Goldilocks moment, where growth is fast and sustained while inflation ticks up gently, he wrote to shareholders in his annual letter.

JPMorgan Chase said it plans to hire 300 additional Black and Latino wealth advisors by 2025 to serve more clients from those communities and allow employees from diverse backgrounds to advance in their careers.

“I respect every competitor, I don’t fear any competitor,” CEO Brian Moynihan said.

New entrants are gaining traction while established players continue to grow.

“It’s hard to make it mandatory. There are laws about that,” said Jamie Dimon, chief executive officer. “I think what we’d like to do is have carrots and sticks. We want people to take it.”

The legal tussle represents the latest effort by a brokerage firm to enforce non-solicitation agreements against advisors.

Beverley Schottenstein accused the bank and the brokers of unauthorized trading of “multiple auto-callable structured notes and various other securities,” among other alleged misconduct.

Morgan Stanley Chief Executive Officer James Gorman leaped past JPMorgan Chase’s Jamie Dimon as the best-paid CEO of a major U.S. bank.

Firms are bracing for tougher times in Washington, where Democrats skeptical of large financial-industry paychecks are ascendant.

While many condemned the violence, few firms have cut financial support to elected officials who have backed Trump’s baseless claims of election fraud.

It’s the second-biggest hire of the year for the wirehouse.

The firm’s investment management division is bringing 55ip under its roof just two months since launching a partnership with the fintech firm.