JPMorgan Shares Are Suddenly Tanking. What Gives?
JPMorgan Chase's (NYSE: JPM) has been enjoying a solid 2025, with the share price up an impressive 31% this year through Monday of this week (Dec. 8). But on Tuesday, the bank's shares tumbled almost 4%, a steep drop in just one trading day.
The plunge was the result of remarks made by Marianne Lake, JPMorgan's CEO of Consumer Community Banking and a member of the bank's Operating Committee, at a financial services conference hosted by rival Goldman Sachs.
Lake told attendees that the bank expects higher-than-projected expenses in 2026. She said expenses will likely hit $105 billion next year, about 9% higher than 2025 and $4 billion above the average outlook of $101 billion. Lake said that things like employee compensation, marketing, new branches, and investments in artificial intelligence (AI) are driving costs higher.
Source Fool.com
JPMorgan Chase & Co. Stock
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