02:44 PM EDT, 05/20/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) Chief Executive Officer Jamie Dimon told investors his retirement is no longer a five-year plan, Bloomberg reported Monday.

The executive has previously hinted at a timetable that would see him at the largest bank's helm for five years. But, the bank is now advancing a succession plan, with key executives Jenn Piepszak, Troy Rohrbaugh, and Marianne Lake recently moved to new senior roles as it prepares for leadership transitions, according to the Bloomberg report.

JPMorgan ( JPM ) did not immediately respond to MT Newswires' request for comment.

JPMorgan ( JPM ) shares were down 3.7% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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