JPMorgan Chase Expands Mobile App for Bond Trading

JPMorgan Chase is stepping up its game in the online investing world. The bank is all set to introduce new features in its mobile app. These features will allow users to research and buy bonds and brokered CDs. This move is part of a bigger plan to attract investors who trade a few times a month. The bank's chief executive, Jamie Dimon, recently spoke about this at the JPMorgan China Summit in Shanghai. He believes that JPMorgan Chase is now a leader in online investing. This is a big change for a bank that was once behind in this area. Users will be able to set up personalized screens and compare bond yields. All this can be done on the same app they use to check their account balances. This makes the process much simpler for users. The goal is to make buying fixed income as easy as buying stocks and ETFs. JPMorgan Chase is the biggest U. S. bank by assets. However, it is still small compared to other online brokerages. Companies like Charles Schwab, Fidelity, and E-Trade have had more time to build up their investor base. Despite this, JPMorgan Chase has seen steady gains in recent years. It has added functions like buying fractional stock shares. It has also recently crossed $100 billion in assets under management. This move by JPMorgan Chase is a smart one. It shows that the bank is serious about competing in the online investing space. It also shows that the bank is willing to innovate and adapt to the changing needs of its customers. Only time will tell if this move will pay off. But for now, it is a step in the right direction.