BlockBeats News, October 15th, Tom Lee stated in a Bankless interview that JPMorgan Chase is currently operated by 313,000 employees. However, a blockchain-based JPMorgan Chase may only need 20,000 employees, operating in a more transparent, visionary, and efficient manner. Leveraging artificial intelligence, JPMorgan Chase may eventually become more like a tech company. “Banks can shift from trading at tangible book value to trading at actual price-to-earnings ratio.”
Walmart and Costco have a price-to-earnings ratio of 35-50 times because they have achieved business systematization. JPMorgan Chase and other banks may see a similar situation.
