Dimon declares JPMorgan an AI winner, but investors fear credit risks, driving shares down.

During the annual Investor Day event, the bank announced plans to increase its technology spending to nearly $20 billion this year, a $2 billion boost, to enhance customer service and maintain its competitive edge. While the bank reiterated its annual expense guidance, it anticipates a mid-teens percentage increase in markets revenue for the first quarter.

However, JPMorgan's shares fell 4.22% on Monday, alongside a broader market sell-off, driven by investor concerns over private credit and AI-related credit risks, as highlighted in a recent report. The bank's stock has declined 8.54% year-to-date.