JPMorgan Chase (NYSE:JPM) has appointed Krithika Swaminathan as managing director and head of data infrastructure product. She brings experience in enterprise data platforms, artificial intelligence and cloud modernization. The role focuses on building resilient, scalable data infrastructure for AI-driven banking and digital services across the firm, which has a market cap of about $895.0b. Her remit covers governed data platforms, AI-ready data pipelines, cloud, data governance, security and platform reliability, which support payments, trading, lending and digital channels. The article says the key checkpoint is how the bank reports progress on its AI and data programs in upcoming quarterly updates, especially technology expense lines within its US$107.5b 2026 expense outlook.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
JPMorganbanksartificial intelligencecloud computing
Open a keyword to see other news on the same topic.
Related tickers and likely impact
JPM
• NeutralJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $913.3B |
| Close on 10/30/2026 | 337.11 |
| Change that session | -1.88% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Jim Bianco Says Banks Blocking AI Agents Are Protecting Their Profits, Not Customers
On a live stream on Oct. 26, Bianco Research president Jim Bianco said banks that block outside AI agents from customer accounts are protecting their own profits rather than customers. He pointed to JPMorgan Chase, whose CEO Jamie Dimon cited the risk of “rogue agents” on Oct. 13, and noted that Citi, Bank of America, Wells Fargo and Charles Schwab have also limited third-party agents. Bianco said banks profit from deposits that pay customers nothing, citing $4 trillion in zero-yielding accounts, while FDIC data showed about $4.04 trillion in noninterest-bearing deposits at U.S. banks at the end of June, roughly 21% of domestic deposits. Co-host Ram Ahluwalia agreed on the motive but cautioned against overstating the risk of deposit flight, since frictions such as opening a new bank account remain. Wells Fargo’s revised agreement, effective Nov. 24, makes customers responsible for authorized agents’ actions until they revoke access.
- Can AI Adoption Sustain Morgan Stanley's Wealth Management Growth?
Morgan Stanley (MS) is using AI to boost advisor productivity, accelerate asset gathering and improve operating efficiency, as Wealth Management revenue hit a record in the third quarter of 2026. Its AI @ Morgan Stanley Assistant, adopted by more than 98% of advisor teams, speeds access to research, while AI @ Morgan Stanley Debrief automates meeting summaries and client documentation, freeing advisors' time for client acquisition and cross-selling. Wealth Management revenue rose 10.1% year over year to a record $9.07 billion, with $232.4 billion in net new assets, $80.5 billion in fee-based asset flows and a 30.4% pre-tax margin. The article notes that AI's direct earnings contribution remains unquantified, while technology costs and market volatility pose challenges. It also compares peers Goldman Sachs (GS) and JPMorgan (JPM), which use AI to automate workflows, with JPMorgan expanding its LLM Suite platform.
- Banks are locking AI agents out, Hashgraph CIO Gregg Bell says blockchain is the way back in
JPMorgan and Schwab are barring external AI agents from moving customer money. Hashgraph CIO Gregg Bell argues that an immutable on-chain audit trail could show regulators what an agent did, when, and why.
- Banks dealing with rogue AI agents is 'a problem that is facing us today'
Arctic Wolf CEO and President Nick Schneider, speaking on Market Domination Overtime, discussed threats from AI agents to bank accounts. Citing Axios, he noted US banks such as JP Morgan and Bank of America are detecting third-party AI agents accessing customer accounts. He argued that open-source models and models from outside the United States are capable enough to build agents at scale to attack organizations, making this a current problem; the only defense against the speed of agentic attacks is trustworthy, economical agentic defenses, which is why Arctic Wolf built its agentic SOC. On privacy, he said many familiar privacy and cybersecurity challenges still apply, now arriving with greater speed and sophistication.
- JPMorgan Is Blocking Outside AI Agents and Taking Its Deposit Token to Ethereum. Here's What Both Moves Protect
JPMorgan (JPM) made two October moves to guard its deposits: blocking outside AI agents from logging into Chase accounts with customer credentials where possible, and expanding JPM Coin, a token representing dollar deposits, from Base to Ethereum for institutional clients. According to CFO Jeremy Barnum, deposit and card-loan growth, rather than rate hikes, drives roughly three-quarters of the growth in the 2027 interest income outlook, with only about a quarter tied to the yield curve. The bank guided to about $25.5 billion of fourth-quarter net interest income excluding markets, roughly $102 billion annualized, against a 2027 central case of about $107 billion. Adjusted EPS of $5.75 trailed the $5.94 Street estimate, and the mean analyst target, based on 26 analysts tracked by TIKR, slipped to about $373 from about $376. Citigroup and Bank of America have also restricted agent access, while JPMorgan added roughly 650,000 net new checking accounts in the third quarter.
- The Same Banks Writing the Rules for AI Agents Are the Ones Locking Them Out
The article argues that major banks are pursuing two contradictory paths: building open standards that let AI agents access accounts while locking those agents out in practice. Bank of America and Wells Fargo appear both on the roster for the Personal Agent Protocol (Poppy), announced by Sierra and Meta, and on the list of firms restricting third-party AI access. The protocol proposes permission levels from fully blocked to full access, but payments remain outside its core specification. Meanwhile, JPMorgan Chase, Bank of America, Citi, Schwab and Wells Fargo moved to restrict third-party agents, citing concerns about rogue agents, the need for human approval of money movements, and unclear liability. The article describes this private self-regulation as filling a gap left by missing legislation.
Related markets
Latest news
- MPLX Reports Earnings on Nov. 3, 2026. Here's What Investors Should Be Watching.
MPLX will report third-quarter results on Tuesday, Nov. 3, after management said the third quarter should be stronger than the second, and the fourth stronger still. The MLP spent $5.5 billion on growth projects and acquisitions last year and plans $2.9 billion in growth capex in 2026, aiming for mid-single-digit adjusted EBITDA growth. First-half adjusted EBITDA reached $3.5 billion, up less than 2% year over year, so the second half must accelerate. The article estimates third-quarter adjusted EBITDA near $1.85 billion, versus nearly $1.8 billion in the second quarter. The board declared a third-quarter distribution of $1.2111 per unit, up 12.5% year over year, making distribution coverage (1.3x at the end of the second quarter) and leverage (3.7x, versus a 4.0x target) key metrics to watch.
- Learn Why The Bull Case For JPMorgan Chase Stock Could Change Following Earnings Miss
JPMorgan Chase reported third-quarter earnings below expectations for the first time since 2023, while raising its 2026 net interest income outlook to about US$106.2 billion. The bank is cutting share buybacks and raising its dividend, directing capital toward technology, AI and franchise investment and accepting higher noninterest expenses rather than maximizing near-term payouts. It is also issuing multiple callable senior unsecured notes maturing between 2031 and 2056, with coupons mostly in the 5.5% to 6.7% range, signaling a focus on balance sheet flexibility and long-dated funding. The article notes that a weaker credit or capital markets environment combined with elevated spending could squeeze margins and returns. Consensus figures project revenue of US$227.1 billion and earnings of US$68.8 billion by 2029, based on an assumed 6.8% annual revenue growth rate, an increase of about US$5.2 billion from current earnings of US$63.6 billion.
- Barclays Says a SpaceX Merger Is Now "a Key Part" of the Tesla Bull Case. Here's Who Actually Wins if It Happens -- and Who Pays.
On Space Exploration Technologies' (SPCX) third-quarter conference call, CEO Elon Musk said he thought a merger with Tesla was a good idea, and the two companies have each formed a special committee to explore a combination. Barclays says such a deal would likely be funded largely or entirely through stock, and Tesla shareholders could benefit given SpaceX's market capitalization of roughly $2 trillion compared with roughly $1.55 trillion for Tesla. Barclays upgraded Tesla from equal weight to overweight and raised its one-year price target from $370 to $450 per share, a level that matches its expected all-stock buyout value, a premium of roughly 20% over the current price, or about 3.1 SpaceX shares per Tesla share. The deal would need a 50% affirmative vote from Tesla shareholders, with investors who do not vote counted as "no" votes, and Musk controls about 20% of voting power but would still likely need meaningful retail investor support. The article also notes that heavy dilution from new SpaceX share issuance to fund a deal makes the post-deal outlook for SpaceX stock harder to predict.
- Centerra Gold Inc (CGAU) (Q3 2026) Earnings Call Highlights: Record Buybacks, Lower Mount ...
Centerra Gold reported third-quarter adjusted net earnings of $72 million, or $0.37 per share, with operating cash flow of $143 million and free cash flow of $17 million. The company bought back a record $53 million of shares in the quarter, bringing year-to-date repurchases to $125 million, and declared a quarterly dividend of $0.07 per share. Mount Milligan's third-quarter all-in sustaining cost on a byproduct basis was $985 per ounce, and full-year guidance was lowered to $1,100–$1,200 per ounce from $1,200–$1,300, supported by copper by-product credits. The Thompson Creek restart is about 75% complete with first molybdenum production expected in mid-2027, though molybdenum prices cannot be hedged and Mount Milligan costs are tracking about 5% above budget. Cash fell roughly $50 million in the quarter, and the company plans to hold only $100–$200 million in cash, with total liquidity of $998 million.
- Prediction: Nvidia Stock Is Going to Soar After Nov. 17
Nvidia's market capitalization tops $5 trillion, and its stock is up nearly 15% in 2026. Revenue in the fiscal 2027 second quarter reached $96.2 billion, up 106% year over year, with a 75% non-GAAP gross margin. The company forecasts about $108 billion in third-quarter revenue, while analysts expect about $109 billion. CEO Jensen Huang sees global AI infrastructure spending reaching $3 trillion to $4 trillion by 2030, and the Vera Rubin platform could generate $40 billion per gigawatt, 60% more than Blackwell. Nvidia trades at about 23 times forward earnings versus 18.6 for the S&P 500, which the author considers reasonable given its growth; the company reports on Nov. 17.
- Intuitive Surgical Stock Just Fell Despite a 22% Revenue Jump. Here's What Investors Are Missing.
Intuitive Surgical (ISRG) shares fell after the company reported earnings, despite a 22% jump in revenue. The article argues the real revenue driver is not da Vinci robot sales, which account for roughly 25% of revenue, but instruments, accessories, and services. Although Medtronic and Johnson & Johnson have entered surgical robotics, Intuitive sold more da Vinci systems in Q3 2026 than in Q3 2025, and procedures rose 15% while installed systems grew 12% year over year. With more than 12,000 installed systems generating recurring income, the article says the company still has room to grow as surgical robotics is far from saturation.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.