Dimon Tells Investors to ‘Trust Me’ on JPMorgan’s Costs

JPMorgan Chase & Co. will continue to spend what’s needed to avoid losing ground to myriad competitors, including Stripe Inc., SoFi Technologies Inc. and Charles Schwab Corp., Chief Executive Officer Jamie Dimon said.

“We analyze what they do and how they do it, and how we stay out front,” Dimon said on a conference call with analysts after his company announced fourth-quarter results. “And we are going to stay out front, so help us God. We’re not going to try to meet some expense target, and then, you know, 10 years from now, you’re gonna be asking us the question, ‘How did JPMorgan get left behind?’”