Jamie Dimon says it's ‘unlikely’ that JPMorgan Chase will acquire another struggling bank

JPMorgan Chase CEO Jamie Dimon said Tuesday that it's not apt his slope would get different struggling lender aft its government-brokered acquisition of First Republic.

"Unlikely," was Dimon's curt effect to a shareholder who asked astir acquisitions during the New York-based bank's yearly shareholder meeting.

The turmoil successful mid-sized banks sparked by the Silicon Valley Bank collapse successful March shows that simply gathering regulatory requirements isn't enough, Dimon added.

Investors of the biggest U.S. slope by assets peppered Dimon and his managers with questions astir the bank's strategy, positions connected hot-button governmental issues and usage of AI tools including ChatGPT, among different topics.