JPMorgan Chase (JPM) CEO Jamie Dimon has pledged to invest up to $10 billion in industries critical to U.S. self-reliance. The announcement, made via press release, is part of the bank’s broader Security and Resiliency Initiative. Under this program, it plans to provide $1.5 trillion in financing to companies it deems essential, a commitment Dimon said is 50% higher than its previous plan.
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The initiative comes amid rising trade tensions between the U.S. and China. Over the next decade, the $10 billion investment will target sectors including defense contracting, mineral production, artificial intelligence (AI), and quantum computing. Dimon described these as “frontier” technologies that could define America’s competitive edge in the global economy.
Dimon Addresses Reliance on Foreign Sources
Dimon expressed his criticism that the U.S. “has allowed itself to become too reliant on unreliable sources of critical minerals, products, and manufacturing,” all of which are vital to the nation’s security. He highlighted that most of the investments will go to American companies. JPMorgan also plans to hire additional bankers and form an external advisory council to support the program.
Dimon stressed that national security depends on the strength and resilience of the economy. JPM’s new initiative focuses on securing reliable access to life-saving medicines and critical minerals, strengthening national defense, developing energy systems to support AI-driven demand, and advancing technologies such as semiconductors and data centers. To conclude, these investments will help reinforce America’s economic foundation and ensure long-term resilience in the face of global competition and supply chain challenges.
Is JPM Stock a Buy, Hold, or Sell?
JPM is set to release its third-quarter fiscal 2025 results before the market opens on October 14. The Street expects the bank to report earnings per share of $4.85, reflecting an 11% year-over-year increase. However, revenue is projected to decline 34% from the same quarter last year to $45.47 billion.
Ahead of the Q3 release, analysts remain divided on JPM’s long-term outlook. On TipRanks, JPM stock has a Moderate Buy consensus rating based on 12 Buys and six Hold ratings. The average JPMorgan Chase price target of $330.13 implies 9.7% upside potential from current levels. Year-to-date, JPM stock has surged 28.2%.
