Bloomberg Surveillance · Tuesday, July 28, 2026
Meredith Whitney believes many companies, including banks, have not 'right sized' after overhiring during COVID, and need to downsize to achieve operating leverage. She noted that banks have historically favored share buybacks over transformational deals, even at high valuations. J.P. Morgan is identified as an outlier, with Whitney suggesting CEO Jamie Dimon might pursue a major fintech acquisition.
“But like any large company, you've got to right size. And I think a lot of companies that had that hadn't right size, that had over hired during COVID have to face the reckoning that you know, the only way to achieve operating leverage now is to is to get rid of it, is to downsize.”
“And I think the one outlier, the one bank stock that has the one bank and one ceo that has the temerity actually do a deal is none other than Jamie Dinald frame.”
“I think he does something fintech, but major fintech, which is over one hundred and fifteen billion dollar valuation of Revolute.”