JPMorgan exploring potential opportunities for add-on acquisitions

In a statement Mary Callahan Erdoes, the head of asset and wealth management at JPMorgan Chase & Co said, her division of the bank is “looking into possible opportunities for add-on acquisitions”.

“I wouldn’t assume we haven’t done anything,” said Erdoes when asked why her unit has not announced an acquisition deal. “You’ve got to kiss a lot of frogs … (to know) what’s out there.”

She went on to add, “There has been a significant increase in deal activity across the industry. While JPMorgan has looked at a number of possible deals, the bar for an acquisition is high”.

“I don’t think it’s a good idea to be sitting still,” said Erdoes during a virtual conference hosted by Deutsche Bank AG and mentioned that lending at the bank has shot up by 17% so far this year compared to the previous year, in the same quarter.



Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: