BLK - JPMorgan And Dimon's 'Golden Age Of Banking' - An Assessment
Introduction - the case for a golden age of banking
One of the most interesting interviews with a corporate leader I have seen in some time was given by JPMorgan Chase's (JPM) CEO, Jamie Dimon, on June 1. Per the Seeking Alpha transcript, the key and potentially actionable part of this telephone interview reads as follows:
Operator
Is there a bull case for the profitability of the banking industry over time, it just gets more efficient as you get more digitization - you know, fewer Brinks trucks driving cash around?
Jamie Dimon