Vice President - Small Business Card Portfolio Strategy

Goldman Sachs edges out JPMorgan Chase as the better buy for dividend investors, according to a Barchart comparison of the two banks. Goldman has the stronger recent numbers. Its annual sales rose 8.9% to $58.3 billion, and net income climbed 20.3% to $17.2 billion. JPMorgan's sales rose 0.5% to $280.3 billion, while net income slipped 2.4% to $57 billion. Dividends are close. Goldman pays $20 a share a year, a yield of about 2.2%, and JPMorgan pays $6.60, about 2%. Both payout ratios are near 25%. Goldman trades at about 13x forward earnings, against nearly 14x for JPMorgan. Analysts rate both stocks "Moderate Buy," with high targets implying upside of up to 44% for Goldman and 27% for JPMorgan.

JPMorgan Chase is blocking outside AI agents from logging in to or acting on customer accounts, chief executive officer Jamie Dimon said on its third-quarter earnings call. He cited security risks from "rogue agents." "We're not going to allow just any outside agent to come in inside the company because that's just too risky for clients and for JPMorgan," Dimon said. The bank blocks third-party agents that try to obtain customers' banking credentials, but still supports customer-authorized data sharing through open banking providers. Other firms take a looser approach. Germany's Scalable Capital opened its platform to ChatGPT, Claude, and Grok in August, though users must approve every trade. Dimon said JPMorgan is building its own tools to protect customers.

Aztec Group welcomes Jing Wang. 16 October 2026 UK Reporter: Madison Hendrickson Aztec Group has appointed Jing Wang as head of AI. Wang will build and lead the firm's new AI technology and enablement team, which it says is focused on where machine learning and AI can create value for clients and colleagues while maintaining governance, control, and security. In her role, Wang will lead development and delivery of Aztec's AI strategy across the group, working with technology, products, and operations colleagues to embed AI into core operations. Wang joins Aztec from JPMorgan Chase where she served as head of AI products for Chase UK and was responsible for developing the bank's generative AI capabilities and accompanying safety guardrails to bring it into production. Prior to JPMorgan Chase, Wang held a senior AI and machine learning leadership role at Amazon Web Services where she developed enterprise AI solutions for regulated industries including financial services. Wang comments: "In private markets, value is built on accuracy, judgement, and trusted partnerships. AI is most effective when it helps take the weight of routine work away from specialists, allowing them to focus on the insight and advice that make the greatest difference. "I'm excited to be joining at this stage in Aztec's growth and look forward to helping shape that capability and its value for clients." Jason Adams, chief technology officer at Aztec Group, adds: "AI has enormous potential, but success depends on applying it in ways that are aligned to client needs. "Jing has deep technical expertise, product leadership, and experience building AI solutions at global scale within highly regulated environments." Next people moves article NO FEE, NO RISK 100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times