NEW YORK (Reuters) - JPMorgan Chase & Co (NYSE:JPM)'s expenses in 2021 will likely top $67 billion, slightly more than analysts' estimates, because of company investments CEO Jamie Dimon said on Tuesday at an investor conference.
Dimon, speaking in a webcast video interview by Goldman Sachs (NYSE:GS) banking analyst Richard Ramsden, also said he would like to buy asset management businesses and financial technology companies.
Addressing the camera, Dimon said, "Asset management: My line is open."
Dimon indicated that the bank is seeing current fourth-quarter revenue increases of 20% from a year earlier in both trading and investment banking.
He praised competitor Morgan Stanley (NYSE:MS) for doing "a good job" with recent acquisitions.
Morgan Stanley said in October that it would buy money manager Eaton Vance (NYSE:EV) Corp for about $7 billion. It previously bought online retail brokerage E*Trade Financial (NASDAQ:ETFC).
Dimon acknowledged that JPMorgan is too big to be allowed to acquire another deposit-taking institution. He said the bank has excess capital and would like to use acquisitions to quicken its growth.