JPMorgan's Dimon sees higher 2021 expenses; fourth quarter markets revenue up 20%

FILE PHOTO: JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Moon/File Photo

NEW YORK (Reuters) – JPMorgan Chase & Co’s expenses in 2021 will likely top $67 billion, slightly higher than analysts’ estimates, CEO Jamie Dimon said on Tuesday at an investor conference.

Dimon indicated that the bank is seeing current fourth-quarter revenue increases of 20% from a year earlier in both trading and investment banking.

The CEO also said his “line is open” to pitches from sellers of asset management firms.

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