Jamie Dimon Says Jpmorgan Is Sitting On About $500B In Cash, Waiting To Invest In Higher Rates

by marketwatch.com posted 1month ago 3 views
Banking giant JPMorgan is sitting on a near half-trillion-dollar stockpile of cash, waiting to invest in higher rates in the coming months, instead of buying Treasurys or other securities, Chief Executive Jamie Dimon said Monday at a virtual banking conference.

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