Morgan Stanley's "Investor Day" key points summary

1. Damon, CEO of JP Morgan Chase, remains vigilant of a series of global financial and political risks. 2. Damon stated that due to low interest rates, credit is currently a significant risk, and profit expectations may decrease. He remains vigilant of high inflation and stagflation, with inflation and stagflation being more likely than most people expect. Geopolitical risks are still very high. The bank will allow customers to trade bitcoin, but Damon stated that he still "does not really support" and he still "does not like" bitcoin. 3. The bank estimated in the report that IB fees in the second quarter may decrease by around 15%. 4. JP Morgan Chase strives to "become the center of private credit". 5. Co-CEO of Business and Investment Banking, Petno, stated that trading volume is soaring, while the cost per transaction is decreasing. Wealth Management business head Mary Erdoes believes that actively managed ETFs will see "explosive growth". Consumer and Community Banking business head Marianne Lake stated that consumer confidence is deteriorating, but spending remains strong. The CFO stated that acquisitions are "always under discussion". JP Morgan's artificial intelligence applications are still in the early stages. The bank focuses on efficiency and resists increasing employee numbers. Confirming performance guidance and hoping to relax regulations.