JPMorgan CEO Says Company Could Spend $20 Billion on Acquisitions

Source: International Business Times

Dimon said that "There might be, in the next couple years, a chance to put $10 [billion] or $20 billion to work buying something. " Mark Wilson/Getty Images JPMorgan Chase CEO Jamie Dimon says the banking giant could spend as much as $20 billion on an acquisition in the coming years, signaling that the nation's largest bank is once again scanning the market for a transformational deal. Speaking at the Bernsteins Strategic Decisions conference in New York, Dimon said that "I do think there might be opportunities, and so we are on the lookout," Dimon said, according to CNBC.