Jeenah Moon/ReutersJPMorgan Chase CEO said the record 2019 earnings for the investment banking sector was due to investments in tech.Companies across corporate America are investing more heavily in IT, but a major question is how much return they’ll get on that increased funding. JPMorgan Chase’s $11 billion annual tech budget – the largest among the Wall Street titans – helped fuel a record $36.4 billion in profits in 2019.Those earnings were buoyed by the investment banking division’s record $2.7 billion in revenue – a 10% jump from the prior year. Among other applications, Chase is using machine learning to better match investors with the 10,000 pieces of research the company puts out every year. Click here for more BI Prime stories.Companies eager to know whether tech investments pay off



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