JPMorgan Says Attracting Silicon Valley Talent Important to Its Tech Strategy

JPMorgan (JMP) wants to bring talent from Silicon Valley into its company in order to boost its tech performance.

"Technology is at the core of what we do," JPMorgan COO Matt Zames said in the company's letter to shareholders. "Advances in technology make us faster and safer and drive a more engaging customer experience."

The company has a technology budget of over $9.5 billion.

"Attracting, retaining, and developing top technology talent is paramount, and we cast a net far and wide to find the best and brightest," Zames continued.

More from Stocks

The Good Times Keep Rolling for Tilray as Stock Jumps on New Partnership

The Good Times Keep Rolling for Tilray as Stock Jumps on New Partnership

Dow Trades Higher for a Fourth Day, S&P 500 Nears Record

Dow Trades Higher for a Fourth Day, S&P 500 Nears Record

Remember, the Federal Reserve Is an Independent Body

Remember, the Federal Reserve Is an Independent Body

How to Trade Lululemon After Its Meteoric Rise

How to Trade Lululemon After Its Meteoric Rise

Tesla Stock Is Rallying Again But You Must Watch Moves in This Market

Tesla Stock Is Rallying Again But You Must Watch Moves in This Market