Acquired / Case file
JPMorgan Chase
Strategies
Named moves and the patterns they express
What JPMorgan Chase did, when it crystallized, the evidence behind the claim, and where each move sits in the 12-pattern taxonomy.
3 strategies3 patterns2 concepts
Pattern constellation
Of the 12 strategy patterns in the Acquired taxonomy, JPMorgan Chase most prominently practices 3. Size = how many named strategies express that pattern.
Strategic moves · grouped by era
2000-present
Fortress balance sheet
Carry more capital and liquidity than the optimistic case requires so the bank can survive shocks and act when weaker institutions cannot.
- Dimon connects conservative accounting, stress testing, reserves, and the post-WaMu equity raise to the same margin-of-safety doctrine.[Acquired: The Jamie Dimon Interview (July 2025)]
Earn more per dollar of risk
Pair lending risk with fee-generating services such as payments, rather than relying on interest income alone.
- Guest:At Bank One, Dimon describes shifting the revenue mix around a loan from mostly net interest income toward more non-interest revenue.[Acquired: The Jamie Dimon Interview (July 2025)]
2004-present
Only businesses that reinforce the system
Keep businesses that feed clients and capabilities into one another; remove activities that do not fit the integrated strategy.
- Guest:Dimon says the consumer, middle-market, payments, and investment-banking businesses feed each other and that the bank exited what did not fit.[Acquired: The Jamie Dimon Interview (July 2025)]