JPMorgan Chase & Co. (NYSE:JPM) is ramping up its defenses against fast-growing electronic trading rivals, forming a new quantitative trading and research group.
New Quant Group Targets Electronic Trading Edge
The bank has created a new quantitative trading and research group to strengthen data-driven and automated trading capabilities, Bloomberg reported on Thursday, citing an internal memo.
Chi Nzelu, formerly the global head of fixed income, currency, and commodities electronic trading, will lead the new group, taking over from Olivier Robert.
Earnings Snapshot
The reorganization follows an upbeat fourth-quarter 2025 performance. The bank clocked a net income of $13.0 billion, or $4.63 per share, down 7% year over year (Y/Y).
The adjusted earnings per share were $5.23, beating the $4.92 analyst estimate. Sixty cents difference pertains to the $2.2 billion credit reserve established for the forward purchase commitment of the Apple credit card (NASDAQ:AAPL) portfolio.
Chairman and CEO Jamie Dimon said JPMorgan delivered strong, broad-based performance in 2025, adding 1.7 million checking accounts and 10.4 million credit cards, while growing wealth management households past 3 million.
Asset & Wealth Management revenue rose 13% to a record $6.5 billion, with $553 billion in annual net inflows pushing client assets above $7 trillion.
Looking ahead, Dimon highlighted the Apple Card as a strategic use of excess capital and said the U.S. economy remains resilient, with steady consumer spending and healthy businesses supporting continued growth.
JPMorgan shares have risen more than 23% over the past year.
JPM Price Action: JPMorgan Chase shares were up 0.96% at $310.83 at the time of publication on Thursday, according to Benzinga Pro data.
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