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The Wall Street Journal

The Wall Street Journal

6,620,000 subscribers

👁 1,953,889 views

How Jamie Dimon Built Chase Into the U.S.’s Most Powerful Bank | WSJ

Video Overview & Insights

Jamie Dimon, CEO of JPMorgan Chase, is among the most powerful names in the banking industry. How did he come to acquire banks like First Republic Bank, Bear Stearns and Washington Mutual?

Jamie Dimon, I don't think he's acting in best interest of share holders like me. I even might close my Chase account. It will hurt them. I'm seriously looking into other banks at this point. I want to work with companies that embrace new technologies. Those who fight it always end up losing. It's a verifiable, historical fact. What is he thinking? The writing is on the wall for what is coming. Very irritating. There are huge opportunities for Chase Bank right now that are quickly slipping away.

— @BSadle-m6s

WSJ explains how Dimon’s risk management strategy, including his ‘fortress balance sheet,’ propelled him to the top of the largest U.S. bank, and how he has used that role to become the go-to voice for the banking world.

0:00 Dimon’s bank owns roughly 13% of the nation’s deposits

Amazing

— @ThinkvestChannel

0:38 Dimon’s history and banking strategy

2:06 JPMorgan Chase’s size

what a genius. building the most powerful bank in the world

— @invisible_empires-g6l

4:44 Dimon’s influence on the banking industry

6:20 Dimon’s future

Science I don't know. Too hard.

— @Indian123-r2b

News Explainers

Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.

❤❤❤❤❤❤❤❤❤❤❤❤❤

— @dongpingwang

#Chase #Investing #WSJ

You lost me at the cute moat animation. Just give me the 10-K, the footnotes, and a quiet room. I’ll find the fortress myself.

— @OutpostWatch

More User Perspectives

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🎉

@BEHINDTHEBRANDS-z9u
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I love Jamie so much!

@KennedyMorrisette
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1:54

@Bawazzzzz1234
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In this video almost everything about how Jamie build JP Morgan remains unanswered

@VasumanJain-he9zq
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Make me Liquid Jamie

@ArsyaUtomo
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Do you think that we should have full reserve banks? What if we had banks and lending institutions and if people want to invest in lending they can deposit at a lending institution

@LearnAboutBit
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This video was bought and paid for by Chase, am I right? What a joke of a video.

@defertyx
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Hersond carso

@EsperanzaPuente-v5z
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Proud of you as a dad! I hope one day my kid also takes interest in the business.

@jalajjainjalaj
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🎧👔🎓🎙🧭

@LucianaCristinaSalles
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4:11 Hey! That guys in jail now 🙃

@JustinCymbal
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Same guy who said he'd fire anyone who bought Bitcoin and proceeds to buy a ton of Bitcoin

@reallywoke415
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👍👍👍👍🙏🏻🙏🏻🙏🏻🙏🏻👍🏻🙏🏻🙏🏻🙏🏻

@dongpingwang
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What is this? A commercial for Jamie Dimon?

@sidcurious
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Jamie thats why i have the strength to say ur wrong everyday

@shankarbalakrishnan2360
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Corruption at its worst!

@johnpettis2154
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Our team has the skills and technology needed to help retrieve funds lost to any type of online scam, no matter the amount.

@Check_bio_for_my_email
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JPM received hundred of millions of fine to manipulate the PM market and nobody went to prison !!!!

@stevelambert2723
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Племянник экс-банкира в Дагестане не погасил долг в десятки миллиардов рублей .
Вместо этого он подал заявление о банкротстве и талантливый парень получил приглашение на обучение от всех престижных российских вузов, но выбрал французский университет. Однако этим планам помешали силовики.

@Muza-f8k
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Поздравления из Индонезии, мы еще помним финал Кубка 2007 года в Джакарте. В тот день поддержать Ирак пришли 80 000 индонезийцев. Мы, Индонезия, поддерживаем Ирак на 100% с 2007 года, пожалуйста, помолитесь за нас и поддержите нас, чтобы мы получили такое же чудо
Пожалуйста, не забывайте
Индонезию!!! Запомните это слово из
Индонезии!!! Мир Ираку
Примечание: -
Почему я это говорю? Это потому, что я до сих пор помню иракскую доброту и гостеприимство, хотя я христианин. Может ли кто-нибудь прислать мне фалафель? Я голоден- Палестина*-personal and business!

@Muza-f8k
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Jamie is a great banker.

He is not a great builder of banks. Which, to be fair, isn’t really his job and never was. He is “just” one of the best operators in the history of the profession

@jloiben12
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Feds best friend, JPMorgan. Let's print some more money 💰 out of thin air and charge the citizens of the world interest. Evil !

@mpleleafs34
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😢 sycophantic 0 information

@kutilkol
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I don't think the purpose of caption is discussed

@chandanpurohit6791
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If you had lost the paper work I remember 🏪and the days and years and months starting the year of 2000
🧘🏽‍♀️

@DAIROECRS2
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Menéndez the biggest crook questioning Dimon. Hilarious.

@joseperez1085
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Goldman Sachs has never had a non-jewish CEO.

@commandershepard1944
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liquidity is the king, the force behind your every corporation move.

Think it like you're moving a 4 wheel car that have different engines for each wheel. You work with a driver (COO), a navigator (CEO) and you as the fuel guy (CFO) need to inject fuel to each machine so it can move.

Every yard you cover, you able to pickup fuel which you use a part of it to fill the machine and the rest is saved as profit.

Now the faster you fill the machine, the faster you move which will let you get fuel faster and in turn collect profit faster, right?

So by abiding to that principle, is in your best interests to fill the machine as much as you can.

Is the machine working at full capacity? Then add more machine and more wheels.

Ah, we don't have that much fuel? Our collection capacity cannot grow as much as we want to pick up that much fuel? Let's borrow from someone else then pay them in installments so we could keep growing while reducing our fuel expenditure.

See business is simple. More investment = more profit

But that's only happen in game..

Now what happen if the navigator point out a wrong direction that had no fuel?

What happen if the driver make mistake and the machine leak which resulted in more fuel needed?

What happen if there's bump on the way and the machine suddenly need more fuel to operate or even worse need more machine to drive the car?

What happen if the fuel suddenly become harder to pickup? It suddenly took more distance to pick up the fuel?

What happen if the interest on the fuel that we borrow suddenly spike? Or if we operate on debt on debt financing then we suddenly cannot extend the debt?

All of those could be handled if we have lot of saved fuel.

That's the idea with liquidity.

Too much liquidity is wasteful (could go faster) while having too little risk (no spare if an accident happens)

Jamie's fortress balance sheet is relying on liquidity where he prepared enough fund or source of fund necessary to cover operations if accidents happens.

This of course would mean that JP morgan is not working at its full potential because he can't deploy all of his fund or source of fund to invest.

But on other hand he only needs to play it safe, having steady, safe, albeit smaller compared ot others, revenue source.

While waiting for those aggressive competitors to have an accident with liquidity... Then he could buy their car at junk price.

@nobel87able
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@DravenCarroll
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Prince of Wallstreet

@axem.8338
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This guy is one of my favorites. I really trust him. Don’t change Jamie❤

@millicentmarano5001
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Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 every 2 weeks even though I barely trade myself.

@monica50185
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1:42

@엠씨블루맨-y3q
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EN QUE CLASE PROBLEMA ESTAN ELLOS POR TOR.TURAS Y ESTAFA

@MIRIAMTRIL
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Now, I finally understand what the metaphor of "fortress balance sheet" really means. Genius!

@rustler160
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I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?

@FlorentGulliver
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The narrators voice is beyond irritating to listen to

@pokerrich9
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Getting bailed out by tax payers during recessions because u failed is not considered success 😂 yet alone powerful

@DaRealest4rmTribeofIssachar
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Downfall That’s the security that’s the diploma I forgot that the banking industry is governed by the downfall diploma

@Popculturereferencing-od1
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There’s no way to explain that level of security

@Popculturereferencing-od1
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See ?

@Popculturereferencing-od1
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White lie diploma the white lie diploma is only utilized by someone who is told the truth to the point of maximum Boomerang So comparing a white lie such as you right or I got your back Is minuscule compared to the truth that you’ve acquired in English

@Popculturereferencing-od1
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You right diploma is the most used diploma in the banking industry because they don’t have time to figure out whether or not you’re right So they use their intuition to say you’re right the little white lie to save themselves the time

@Popculturereferencing-od1
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There’s no way to miss use the shut up diploma that’s why it’s one of the most important the only way to say shut up is to have extensive knowledge in the subject or not to want any knowledge on the subject at all Either way you will look your best Your spirit will be at its best because it’s what you want shut up

@Popculturereferencing-od1