JPMorgan Chase CEO Jamie Dimon said at the bank’s 2020 annual investor meeting that it would be “much more aggressive with acquisitions across the board.” The comment, incidentally, came days after rival Morgan Stanley announced it would buy brokerage firm E*Trade in what was, at $13 billion, the largest bank takeover since the 2007-08 financial crisis.
In Nutmeg, a robo-adviser with $4.9 billion in assets under management, JPMorgan is buying a company with which it first forged a partnership in November. That initial deal allowed Nutmeg to offer exchange-traded funds created with the bank’s help.
