JPMorgan Chase (JPM) is giving its staff an option to use its own AI system to help write year-end performance reviews. The tool is part of the bank’s in-house platform called LLM Suite. It can create a first draft based on short prompts from the user. Employees can then edit and finish the review themselves. The bank says the AI should be used only as a writing aid, not for pay or promotion decisions. Chief Executive Jamie Dimon recently said the impact of AI is just “the tip of the iceberg.”
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The move shows how fast AI tools are finding a place in office work. Performance reviews often take time, and AI can shorten that process. According to the Boston Consulting Group, using AI to draft reviews has cut writing time by about 40%. At the same time, companies are maintaining human oversight to ensure the text remains accurate and personal.
Meanwhile, JPM shares rose 2% on Friday, closing at $300.44. Overall, the stock climbed nearly 28% year to date.
LLM Suite Expands Across JPMorgan
JPMorgan launched its LLM Suite last year and has already added more than 200,000 users. The platform gives staff secure access to AI without sending data outside the company. It is used by software engineers to check code, by bankers to prepare client decks, and by the legal team to review contracts. The system was built to combine efficiency with privacy, which is key in a regulated field like banking.
The bank spends heavily on technology and plans to invest $18 billion in 2025. Chief Executive Jamie Dimon recently said JPMorgan spends about $2 billion a year on AI. He explained that AI touches every part of the business, saying it affects “risk, fraud, marketing, idea generation, customer service.” Dimon also said that AI is “going to change every job,” removing some roles and creating others.
AI Use Grows Across Finance
Other banks are also testing AI tools, but JPMorgan’s LLM Suite is one of the most extensive efforts on Wall Street so far. At the same time, new firms like Mosaic and Rogo are building AI tools focused on finance-specific work, such as investment banking tasks. As more financial companies explore AI, the focus is shifting from pilot tests to real-world uses that can save time and improve accuracy.
Is JPM Stock a Buy, Sell, or Hold?
On the Street, JPMorgan Chase boasts a Moderate Buy consensus, based on 17 analysts’ ratings. The average JPM stock price target is $388.77, implying a 12.76% upside from the current price.
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