Jamie Dimon, whose counterpart at Morgan Stanley simply introduced he’ll depart within the subsequent 12 months, mentioned he’s nonetheless invigorated and has no plans to stop anytime quickly.

“I can’t do that eternally, I do know that,” the JPMorgan Chase & Co. chief government officer mentioned on the agency’s Investor Day Monday. “My depth is similar. I believe once I don’t have that depth, I ought to go away.”

Dimon, 67, mentioned every time the board decides on his successor, that individual ought to have the braveness to confess errors, however transfer past them rapidly. The CEO has for years quipped that he’s planning to remain on the largest US financial institution for one more 5 years, irrespective of when he’s requested. 

Requested by Wells Fargo & Co. analyst Mike Mayo on Monday what number of extra years he plans to remain CEO, Dimon joked: “Three and a half.”

Morgan Stanley’s James Gorman, 64, mentioned on Friday that he plans to step down as CEO throughout the subsequent 12 months and assume the position of government chairman.