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JPM
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JPMorgan Chase beefs up mobile app with bond trading as bank targets $1 trillion in assets

1. JPMorgan unveils new investment tools in mobile app for bonds and CDs. 2. The bank aims to enhance its profile among self-directed investors. 3. JPMorgan currently manages over $100 billion in assets, trailing behind competitors. 4. The firm targets more engaged investors for its self-directed platform. 5. CEO Dimon emphasizes the need for improvement in online investing services.

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FAQ

Why Bullish?

JPM's new tools enhance its competitive stance in online investing, potentially increasing market share. Similar initiatives by other banks historically resulted in higher asset acquisitions and stock performance.

How important is it?

The unveiling of new investment tools is likely to attract more investors. Growth in this segment would help increase JPM's asset management and market presence.

Why Long Term?

The changes will build JPM's reputation over time, similar to Charles Schwab's growth. Increased investor engagement could gradually lead to significant capital inflows.

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