General World News

Jamie Dimon makes renewed pitch for JPMorgan to be valued like a subscription service — and it shows how Wall Street is trying to echo Big Tech

Jamie Dimon

  • The JPMorgan Chase CEO sounded a familiar note on Tuesday on a call with journalists when he casually compared his bank to competitors in Silicon Valley.
  • Answering a question about whether the bank’s stellar performance has driven its stock price as high as it will go, Dimon said one nature of its revenue – much of it being very stable – is similar to a subscription-based model that’s being valued at 10 times revenue.
  • Dimon’s comment shows how bank leaders are trying to make a case to an investing community currently in love with the tech sector that they have some of read more >>>

    Source:: BusinessInsider.Com