JPMorgan says ‘everything on the table’ for use of excess capital

Says not capital constrained right now. Says potential acquisitions continue to have a “high bar.” Says “can possibly” do more share buybacks, but would rather not at higher stock prices. Says the company currently uses large language models, but “no reason to own one.” Says regulatory environment needs to be simplified. Says “we are going to be involved in stablecoins and JPM deposit coins.” Says consumer “seems to be fine. We struggle to see signs of weakness in the consumer segment.” Says “quite a bit of deal activity” late in the quarter. Says acquiring a private credit firm “not high on the list.” Says “may have seen peak private credit a little bit.” Comments taken from Q2 earnings conference call.