Jim Cramer Isn’t Happy About JPMorgan (JPM) CEO Staying on For Five Years

JPMorgan Chase & Co. (NYSE:JPM)’s CEO Jamie Dimon created rather a spot of a disturbance precocious erstwhile helium remarked that helium would similar to stay successful his presumption for 5 years. While the slope aboriginal clarified that the executive’s comments were a joke, the bank’s stature and relation successful the American and planetary system meant that his comments generated a batch of chatter. In January, Truist raised JPMorgan Chase & Co. (NYSE:JPM)’s stock terms people to $334 from $331 and kept a Hold standing connected the shares. The fiscal steadfast based the alteration connected its anticipation for the bank’s fiscal twelvemonth 2026 earnings. It lifted the EPS estimation to $21.25 based connected beardown enactment successful JPMorgan Chase & Co. (NYSE:JPM)’s Markets business. Baird besides hiked the stock terms people successful January. Raising it to $280 from $260, the steadfast cited an updated fiscal exemplary for the revision. Cramer commented connected Dimon’s remarks and praised the JPMorgan Chase & Co. (NYSE:JPM) CEO:

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“What bash you bash with the radical successful their 50s astatine JPMorgan? The radical who built their full career, they’re successful the 50s and they thought they had a changeable astatine CEO and present they’ll beryllium excessively aged erstwhile helium retires successful 5 years. That is not succession, you are not superior people.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.