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JPMorgan Plans $105B Spending Amid Fragile Economy

12/10/2025

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Summary

Story summary

Marianne Lake, head of consumer banking at JPMorgan Chase & Co., said the bank will spend $105 billion next year, above the $100.84 billion average.
The higher spending reflects volume- and growth-related expenses, strategic investments, and inflation.
JPMorgan Chase shares fell about 4% after the announcement.
Lake said investment-banking fees may rise in low single digits and trading revenue could rise in the low-teens, while describing the economy as fragile.

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Story summary

Marianne Lake, head of consumer banking at JPMorgan Chase & Co., said the bank will spend $105 billion next year, above the $100.84 billion average.
The higher spending reflects volume- and growth-related expenses, strategic investments, and inflation.
JPMorgan Chase shares fell about 4% after the announcement.
Lake said investment-banking fees may rise in low single digits and trading revenue could rise in the low-teens, while describing the economy as fragile.