"Bank of America spent around $13 billion on tech in 2025. Speaking at a conference in February, CEO Brian Moynihan said that the bank plans to spend 10% more on technology development in 2026. JPMorgan Chase CEO Jamie Dimon defended his bank's spending, saying he is trying to keep the company from falling behind during its January earnings call. JPMorgan has an annual technology budget of about $18 billion...the technology is reshaping not just workflows, but workplace culture."