JPMorgan expects to spend $19.8 billion on tech in 2026 to maintain its competitive edge and drive operational efficiencies. The spend will be up 10% year over year in 2026, according to thebank’s Firm Overview report, published Feb. 23. “The contributors of growth are … inflation and, perhaps not surprisingly, higher hardware expense as AI-related shortages are pushing up memory prices,” Jeremy Barnum, executive vice president and chief financial […]






