The bank says more than a dozen employees got the boot for using software tools to simulate work activity.
The new class of weight-loss drugs has exploded in popularity in recent months.
Commercial real estate is “fine” outside of office lending, one bank executive said.
JPMorgan Chase's chief said the private-credit industry has not yet been tested by bad markets.
The 68-year-old CEO moved some of his top lieutenants into new senior roles earlier this year.
The investment bank sees the emerging technology as worth between $1 billion and $1.5 billion.
The bank's shareholders meeting comes as the firm contends with a probe into its anti-money-laundering controls.
The bank's net interest income rose 11% in the first quarter from a year earlier, falling short of analyst expectations.
JPMorgan's CEO says AI could “augment virtually every job.”
Milley will advise the bank's board of directors, senior leaders and clients on dangers around the world.
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