JPMorgan Chase & Co. Co-President Doug Petno stated that the bank does not expect inorganic growth to be a significant growth opportunity for its Corporate & Investment Bank (CIB) business in the near term.
Petno emphasized that the bar for such acquisitions is set very high, suggesting that the firm is unlikely to pursue expansion through mergers and acquisitions for the CIB segment.
The comments were made in the context of the bank's broader business outlook and strategy.
