Jamie Dimon announces JPMorgan's $1.5 trillion plan to boost U.S. economic and national security over the next decade.

JPMorgan Chase (JPM) said Monday it plans to invest $1.5 trillion over the next decade in industries deemed vital to U.S. economic and national security. The bank said roughly $10 billion in initial funding would go into companies across four areas,

JPMorgan Chase & Co. vowed to funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years — an initiative that will invest billions of dollars in companies and hire bankers and other professionals.

Wall Street behemoth JP Morgan set out details of a 2.0 version of its plan to align with the national interest by backing critical sectors such as rare earths.

JPMorgan Chase & Co. will funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years. "We need to act now," said Chief Executive Officer Jamie Dimon in a statement on Monday.

JPMorgan Chase unveiled a plan on Monday to hire bankers and invest up to $10 billion in U.S. companies considered critical to national security and economic resilience, part of a broader $1.5 trillion pledge.

The investment is part of the bank’s Security and Resiliency Initiative, a $1.5 trillion, 10-year plan to facilitate, finance and invest in industries critical to national security. “It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals,

The bank has a 10-year plan to facilitate and finance roughly $1.5 trillion in support of critical industries.