JPMorgan (JPM) CEO Jamie Dimon Says Timing of His Departure Is ‘Up to the Board’

JPMorgan Chase (JPM) CEO Jamie Dimon says he still plans to retire in the next few years, but that the exact timing of his departure is “up to the board.”

When asked about his retirement plans at JPMorgan’s annual Investor Day, Dimon, who has led the world’s largest bank since 2006, said, “Obviously, it’s up to the board.” In 2024, Dimon said that his timeline to leave the lender was “not five years anymore” after previously joking that he was always planning to stay at the helm of JPMorgan Chase “for five more years.”

When speaking at the Investor Day, Dimon said that “nothing’s changed at all” in terms of his retirement plans. Investors and analysts on Wall Street have been eagerly awaiting for the lender to name a successor for Dimon, who is 69 years old and has had heart and other health related issues in the past.

Succession Planning

Some analysts commented from the Investor Day event that they were disappointed that Dimon didn’t provide more details and clarity on JPMorgan’s succession plans. Marianne Lake, the bank’s head of Consumer & Community Banking, is viewed as the top contender to takeover as CEO at JPMorgan when Dimon steps down, although nothing has been confirmed.

At the Investor Day, Dimon was more eager to discuss the bank’s macroeconomic outlook, saying that “the geopolitical risk is very, very high,” and that stagflation, in which inflation rises despite slow economic growth, is a very real possibility in the months ahead. The CEO stressed that the lower tariff rates proposed by U.S. President Donald Trump are still “pretty extreme.” JPM stock is up 12% this year.

Is JPM Stock a Buy?

The stock of JPMorgan Chase has a consensus Moderate Buy rating among 19 Wall Street analysts. That rating is based on 12 Buy and seven Hold recommendations issued in the last three months. The average JPM price target of $268.24 implies 1.20% upside from current levels.

Read more analyst ratings on JPM stock