Overview

• The JPMorgan CEO said he would welcome SEC changes that allow less frequent earnings reports, echoing a push the regulator is moving to accelerate.
• He said the bank would still provide quarterly updates but with "much less stuff" if formal quarterly filings are relaxed.
• Dimon argued that meeting forecasts is the larger problem because it pressures executives into counterproductive decisions.
• He disclosed about $2 billion in annual AI spending that he says is matched by roughly $2 billion in yearly savings.
• He described hundreds of AI use cases across the bank, including an in-house language model used weekly by about 150,000 employees, and noted ongoing retraining as some roles shrink.