JPMorgan names 2 new co-presidents, setting up race to succeed Jamie Dimon ⁠82%

By Charlie Gasparino⁠0%

6/25/2026, 8:05:12 AM

BS Summary: This article contains 25 faulty reasoning types, including Halo Effect, Unattributed Quote, and Framing Effect, with Biased Writer Voice as the most egregious example at 73.6% saturation with 393 hits. Analysis detected 1,970 faulty-reasoning hits from 534 analyzed words, generating a BS Score of 73.3% and a BS Rank of ⁠82% (4,069 of 21,887 articles). This article is worse (more manipulative) than 81.40% of the article peer group.

The race to succeed America's top banker is on. 
Sources inside JPMorgan Chase, the nation's top bank, say the elevation of two senior executives Doug Petno and Troy Rohrbaugh as co-presidents of the company, sets up a long-awaited horse race to succeed the voluble Jamie Dimon, its CEO for the past two-plus decades and widely regarded as the nation's top banker. 
As if to leave no doubt about his intentions, Dimon Thursday also announced that Marianne Lake, one of the highest-ranking women on Wall Street who had been seen as a frontrunner to succeed Dimon, "has decided to retire" from the bank. 
Lake, a longtime executive who was head of the firm's powerful consumer and community banking division, is said to be "not too happy" about being passed over for the top job. 
One indication was the absence of a statement from Lake in the press release, said people close to the bank. 
A JPM spokesperson had no immediate comment. 
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Jenn Piepszak, JPM's chief operating officer, is also no longer considered a possible replacement for Dimon, people inside the bank say. 
Also out of the running is Mary Erdoes, the head of JPM's asset management and wealth management business, On The Money has learned. 
"The changes announced today mark an important step in our board’s thoughtful process around succession planning and development of our top leaders," Dimon said in a press release. 
"We are fortunate to have in place an exceptional group of senior leaders, not only at our operating committee level but across our organization." 
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Petno and Rohrbaugh had jointly run the firm's powerful consumer and investment bank, and were considered top contenders to replace Dimon when he is expected to begin transitioning out of his role as CEO as early as this year, though he has always been obtuse about the timing of his decision and has left open the possibility to remain as chairman indefinitely. 
That said, inside JPM headquarters in Midtown Manhattan, there was nothing obtuse about the elevation of Petno and Rohrbaugh. 
Dimon created the co-president position precisely to set up a horse race between the two to take over as CEO sometime soon, these people say. 
GET FOX BUSINESS ON THE GO BY CLICKING HERE 
Both will have big shoes to fill. 
Since taking over as CEO of JPM in 2006, Dimon has emerged as the most important banker in the country and maybe its most important CEO. 
JPM is a sprawling "systemically important" institution that does everything from consumer lending to mergers and acquisitions to trading complex derivatives that are the plumbing of the global financial system. 
He has successfully led the big bank through financial crises, small and large, such as the 2008 implosion and jostled with presidents from Barack Obama to Donald Trump over economic and banking policy. 
He is known for his shoot-from-the-hip public presence, and for his management acumen. 
JPM has been highly profitable and largely free of scandal during his reign. 
Article reasoning-pattern comparisonThis article: 11.2%Charlie Gasparino: 9.5%FoxBusiness: 4.4%Confirmation Bias11.2%This article: 0.0%Charlie Gasparino: 10.7%FoxBusiness: 3.4%Anchoring Bias0.0%This article: 3.7%Charlie Gasparino: 0.9%FoxBusiness: 4.1%Availability Heuristic3.7%This article: 5.6%Charlie Gasparino: 1.4%FoxBusiness: 1.1%Representativeness Heuristic5.6%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.7%Hindsight Bias0.0%This article: 4.9%Charlie Gasparino: 3.3%FoxBusiness: 3.7%Overconfidence Bias4.9%This article: 31.5%Charlie Gasparino: 12.9%FoxBusiness: 12.9%Framing Effect31.5%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 1.5%Loss Aversion0.0%This article: 9.7%Charlie Gasparino: 2.4%FoxBusiness: 1.1%Status Quo Bias9.7%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.2%Sunk Cost Effect0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 8.8%Optimism Bias0.0%This article: 7.7%Charlie Gasparino: 1.9%FoxBusiness: 2.0%Pessimism Bias7.7%This article: 19.7%Charlie Gasparino: 9.7%FoxBusiness: 7.9%Negativity Bias19.7%This article: 9.7%Charlie Gasparino: 4.9%FoxBusiness: 4.5%Self-Serving Bias9.7%This article: 4.7%Charlie Gasparino: 4.3%FoxBusiness: 0.9%Fundamental Attribution Error4.7%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.2%Actor-Observer Bias0.0%This article: 11.0%Charlie Gasparino: 2.8%FoxBusiness: 1.7%In-Group Bias11.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.8%Out-Group Homogeneity Bias0.0%This article: 53.9%Charlie Gasparino: 32.7%FoxBusiness: 3.8%Halo Effect53.9%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.1%Horn Effect0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.0%Dunning-Kruger Effect0.0%This article: 3.9%Charlie Gasparino: 1.0%FoxBusiness: 2.3%Recency Bias3.9%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.4%Primacy Effect0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.1%Blind-Spot Bias0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.8%Ad Hominem0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.4%Straw Man0.0%This article: 5.6%Charlie Gasparino: 1.4%FoxBusiness: 7.2%Appeal to Authority5.6%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 1.6%False Dilemma0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 1.2%Slippery Slope0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.2%Circular Reasoning0.0%This article: 8.6%Charlie Gasparino: 11.7%FoxBusiness: 6.3%Hasty Generalization8.6%This article: 0.0%Charlie Gasparino: 1.9%FoxBusiness: 0.8%Red Herring0.0%This article: 4.3%Charlie Gasparino: 1.1%FoxBusiness: 1.2%Bandwagon4.3%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 6.1%Appeal to Emotion0.0%This article: 7.7%Charlie Gasparino: 1.9%FoxBusiness: 1.2%Begging the Question7.7%This article: 10.9%Charlie Gasparino: 2.7%FoxBusiness: 4.4%Post Hoc (False Cause)10.9%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.1%Tu Quoque0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.4%Burden of Proof0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.1%Appeal to Nature0.0%This article: 5.6%Charlie Gasparino: 1.4%FoxBusiness: 0.3%Composition/Division5.6%This article: 5.8%Charlie Gasparino: 2.9%FoxBusiness: 2.4%Anecdotal5.8%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.1%No True Scotsman0.0%This article: 15.2%Charlie Gasparino: 3.8%FoxBusiness: 1.9%Ambiguity (Equivocation)15.2%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.0%Gambler’s Fallacy0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.1%Middle Ground0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.1%Personal Incredulity0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.3%Special Pleading0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.2%Genetic Fallacy0.0%This article: 45.1%Charlie Gasparino: 12.7%FoxBusiness: 1.8%Unattributed Quote45.1%This article: 3.2%Charlie Gasparino: 2.7%FoxBusiness: 1.4%Quote-first Misdirection3.2%This article: 73.6%Charlie Gasparino: 22.6%FoxBusiness: 4.1%Biased Writer Voice73.6%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 1.7%Indoctrination0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 0.1%Politically Left Leaning Bias0.0%This article: 0.0%Charlie Gasparino: 0.0%FoxBusiness: 2.1%Politically Right Leaning Bias0.0%This article: 6.0%Charlie Gasparino: 2.8%FoxBusiness: 4.4%Attempt to Sell a Product or S…6.0%

534 words analyzed.

Speakers

3speakers23%attributed speech411writer words
Voice mapSelect a segment to jump to its words
Writer's voice • 12 words • 100.0% coverageWriter's voice • 9 words • 100.0% coverageWriter's voice • 52 words • 100.0% coverageJamie Dimon • 41 words • 100.0% coverageWriter's voice • 31 words • 100.0% coverageWriter's voice • 20 words • 100.0% coverageJPMorgan Chase • 7 words • 100.0% coverageWriter's voice • 17 words • 100.0% coverageWriter's voice • 21 words • 100.0% coverageOn The Money • 23 words • 100.0% coverageJamie Dimon • 28 words • 0.0% coverageJamie Dimon • 24 words • 100.0% coverageWriter's voice • 12 words • 0.0% coverageWriter's voice • 62 words • 100.0% coverageWriter's voice • 19 words • 100.0% coverageWriter's voice • 25 words • 100.0% coverageWriter's voice • 9 words • 100.0% coverageWriter's voice • 7 words • 100.0% coverageWriter's voice • 26 words • 100.0% coverageWriter's voice • 30 words • 100.0% coverageWriter's voice • 33 words • 100.0% coverageWriter's voice • 13 words • 100.0% coverageWriter's voice • 13 words • 100.0% coverage
Selected voice

Jamie Dimon

100%flagged-word coverage
93 attributed words76% of attributed speech100% writer coverage
0%40.0%80.0%Biased Writer Voice-9.9 ptsWriter: 79.8%Jamie Dimon: 69.9%69.9%Unattributed Quote-51.3 ptsWriter: 51.3%Jamie Dimon: 0.0%0.0%Quote-first Misdirection-4.1 ptsWriter: 4.1%Jamie Dimon: 0.0%0.0%Attempt to Sell a Product -2.2 ptsWriter: 2.2%Jamie Dimon: 0.0%0.0%

Attribution is sentence-level. Pattern percentages are calculated only from words assigned to that voice.

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Analysis

Hover over highlighted words in the article to view the associated bias or fallacy analysis.