JPMorgan Chase restructured its Commercial and Investment Banking (CIB) division to maximize the impact of artificial intelligence. The firm appointed Guy Halamish as the Chief Operating Officer of the CIB to lead the reorganization.
Under the new structure, each major business unit will employ dedicated chief data and analytics officers. These executives will report directly to Halamish to eliminate operational silos and advance AI infrastructure.
The CIB division generated $25 billion in net income during 2024. Despite the internal changes, JPMorgan shares fell 2.66% to close at $302.55 on February 12, 2026.
This decline tracked a broader market retreat, with the S&P 500 dropping 1.45%. Investors reacted to concerns regarding AI capital expenditures and strong labor data that dampened expectations for interest rate cuts. The stock edged up 0.12% to $302.90 in after-hours trading.