JPMorgan Chase (JPM) CEO Jamie Dimon's time as a top boss ended when his figure on Wall Street and the national capital was arguably the highest ever.
As a result, investors may not be ready to pull the 69-year-old executive off the stage.
"Jamie Dimon, don't go!" Wells Fargo analyst Mike Mayo has covered JPMorgan for decades, telling Yahoo Finance.
Mayo added that he was “more publicly influential than ever in his life.”
Bank of America analyst Ebrahim Poonawala said Dimon's succession is the "single largest trait risk factor" for JPMorgan's stock.
As a result, the issues with Dimon's future plan will gather at JPMorgan's Manhattan headquarters on Monday to attend the bank's annual Investor Day.
The event is an opportunity for the CEO and his senior lieutenant to provide the latest information on the nation’s largest banking business. Some of these lieutenants, including consumer chief Marianne Lake, are considered a potential successor to Dimon.
Last year, during the same event, Dimon gave investors some hints that his retirement might be closer, saying "the schedule is less than five years." In January last year, he confirmed on a phone call with analysts that the "basic case" of his resignation was several years.
However, the events in 2025 further underpinned the importance of Dimon. He has become an influential voice when it comes to the policies of the new Trump administration – obviously there are Trump’s people.
The president even admitted that he had heard Dimon's voice before the 90-day pause of the "Liberation Day" tariffs announced on April 9.
Read more: Latest news and latest news about Trump tariffs
That morning, Master Morgan told Fox Business Network's Maria Bartiromo on "Morning with Maria" that the recession was a "possible result" and that the Trump administration should let Treasury Secretary Scott Bessent negotiate a trade deal with other countries.
Bartiromo told the Wall Street Journal that she spoke with Trump about the interview, and the president said Jamie offered some benefits. Trump also admitted that after announcing the tariff pause to reporters that day, he had seen appearances, saying that Dimon was "very smart."
On April 15, in an interview with the Financial Times, Dimon also urged the United States to have high discussions with China as the two countries just imposed high tariffs on each other's goods.
A week later, at a private JPMorgan event in Washington, Becent told attendees that he expected to promote with China. The news of his speech had leaked, cheering the market.
Dimon downplayed any influence he had on Trump. "I'm just a voice about what to do next, and if it helps, it's great," he said in a TV interview last week.
When asked Thursday in a Bloomberg TV interview if he talks with Trump regularly, Dimon said: “No, I don’t,” adding: “I talk to everyone there.”
Of course, any successor will have a difficult act. Under Dimon, JPMorgan has separated itself from its other industries in recent years by adding more customer deposits and market value and having more annual profits than any bank in the past two years.
Since Dimon became CEO in 2006, the work has provided investors with a 20% return each year, resulting in JPMorgan’s performance exceeding the 13.4% median return of the S&P 500 (^GSPC) over the same period.
The work has delivered 20% returns to investors every year since Dimon became CEO in 2006, resulting in JPMorgan outperforming the S&P 500 and KBW NASDAQ index tracking Bank of America (^BKX). During this period, the median S&P 500 was 13.4%, while the median return for the KBW index was 7.2%.
The bank is also more effective than its competitors when it comes to making money.
As of the end of last year, JPMorgan's fees cost $0.51, which is the difference between rivals Goldman Sachs (GS), Bank of America (BAC), Wells Fargo (WFC), Citigroup (C) and Morgan Stanley (MS) (MS) (from $0.12 to $0.12 to $0.20).
Banks are doing this while putting more money into technology (as of 2024) and establishing hundreds of new physical branches.
Meanwhile, according to Wells Fargo estimates, it has hidden about $50 billion or more of capital in excess capital. This huge amount of capital could be used for more loans, stock dividends, buybacks, and even another acquisition.
"If he keeps it for a long time, that's OK," said Mindee Wasserman, a JPMorgan shareholder, of Dimon.
Wasserman said she owns more than 1,000 JPMorgan shares and admitted she hopes Dimon will play the role of CEO for at least three years.
"I certainly hope he won't leave before the next election," Wasserman said.
David Hollerith is a senior journalist at Yahoo Finance, covering other areas in the banking industry, cryptocurrency and other areas.
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