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3 Things JPMorgan Chase's CEO Wants Investors to Know

It's for this reason that Dimon seems intent on tweaking JPMorgan Chase's business model in a way that will bring its capital requirements more in line with its competitors. And one of the ways it's doing so is to reduce its exposure to volatile, "non-operating" deposits presumably from the likes of hedge funds.

As Dimon explained:

So when G-SIB, when the final rules came out, we were an outlier 4.5%. And we don't want to be an outlier. I think it's bad place to be. So we want to, over time, become close to everybody else. We announced just one thing that we're going to do -- reduce our nonoperating deposits by $100 billion -- and we've done that. And we can probably do another $100 billion. But obviously, the first one is easier, and it was kind of no-regrets $100 billion. The second one was a little harder. Going back -- going out to your clients and saying,

The point here is that JPMorgan Chase is dedicated to doing the hard things that are necessary to operate profitably in the post-financial crisis world. It's impossible to say whether this offers the $2.5 trillion bank a durable competitive advantage that will last for decades, but it isn't impossible to say that shareholders can rest easy so long as Dimon is at the helm.

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The article 3 Things JPMorgan Chase's CEO Wants Investors to Know originally appeared on Fool.com.

John Maxfield has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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