And at JPMC's investor day Mr. Dimon provided reassurance around the bank's ability to continue winning market share by increasing technology spend by $1.4bn to $10.8bn in 2018. The increase will be spent on AI, automation and personalisation.
Now in his 13th year as chief executive and 12th as chairman, Mr Dimon has outlasted all the big-bank chiefs bar Lloyd Blankfein at Goldman Sachs. He has also broadened his portfolio as the head of Business Roundtable, a group of 200 CEOs which is among the most prominent lobbying groups in Washington, while regularly taking public positions on behalf of the banking industry on matters such as financial regulation. Last May, he told an audience at the Economic Club of Washington that he “would love” to be president. “Until Donald Trump got in I used to say, you’ll never have a rich businessman who’s never been in politics, be president,” he chuckled. “So I clearly was wrong about that.”