Dimon hopes JPMorgan will build an "excellent" digital bank in Europe

Jamie Dimon stated that building a banking platform in Europe required funding, but as products and services expand to more countries, the business is expected to break even and "hopefully become profitable eventually." JPMorgan is competing with traditional retail banks and digital-native challengers in various countries. Executives are discussing expansion plans across continental Europe, with potential targets including Italy, Spain, France, and the Netherlands.