Thursday, JPMorgan Chase & Co. (JPM) named executive chairman of the Investment Bank, Steve Black as its vice chairman. Black will continue to report to Jamie Dimon, chief executive officer and will also serve on the firm's operating committee.
The company stated that in his role as the vice chairman, Black will work with the firm's largest global clients, including governments, financial institutions and investors responsible for advancing the firm's international growth strategy and will represent the firm with global regulatory and monetary authorities as one of its most senior executives.
JP Morgan also said that Jes Staley, CEO of the Investment Bank will now have sole responsibility for the Investment Bank reporting to Jamie Dimon.
Prior to serving JP Morgan as executive chairman of the Investment Bank, Black took up the responsibility as co-chief executive officer and head at the investment bank. He has also served as Global Head of J.P. Morgan Investment Bank's Equities business and has primary responsibility oversight for the Americas.
Black currently also serves Securities Industry and Financial Markets Association as its Director.
JPM is closed Thursday's regular trading at $39.48, up $0.15 or 0.38% on a volume of 65.02 million shares on the NYSE. In the after hours the shares further rose 0.30% or $0.12 trading at $39.60.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.