sridhar: if i were to stick my neck out, i would say not another 18 years.here is a timeline for jamie dimon. he has earned his place and he has earned the right to decide when he wants to leave, and it will be on his own terms, absent something catastrophic. the only other thing you can think of is perhaps health issues. a couple years back he did have a bit of a health scare. there were two other leaders who for a brief while took over the leadership of j.p. morgan on a day-to-day basis. but he has bounced back and he looks in fine form. i don't see any specific restriction other than jamie dimon having to decide what is best for him and possibly what is best for j.p. morgan. guy: seems like -- alix: it seems like those we thought would be in succession, maybe they leave because they are not getting up anywhere -- what happened to gary cohn, for example, at goldman sachs. the flipside, the longer you wait, the more the pool becomes bigger, which may not be the best thing. sridhar: that was an issue. it was an issue at goldman and can be an issue on wall st

sridhar: it is fascinating to me. to use their gardening leave to go in the garden. they wanted to know that they had three months off. fair enough. that is why they are surprised when the bank tells them only one month. they only get that one month guarantee. to me, it is fascinating because in the state of new york, there is a push to do away with these noncompete clauses, especially if you are a high end professional. you are slapped with six-month noncompete. that could go longer. while it is good to be paid for not working, and a lot of these driven, ambitious individuals will tell you it is not helpful to be out of the market for such a long period. goldman sachs and the blackrock's of the world want to hold on to what they see as their trade secrets, intellectual property. they do not want that to go out the door one day and appear elsewhere after the weekend. guy: thank you. sounds nice. european markets, volume is quite good today, which is peculiar. u.k. inflation, brent crude up 0 .8%. european close is com

sridhar: absolutely not.view with marc yesterday, but that is what i disagree with, and the big bank executives definitely wake up every morning and thinking about the mighty blackrock and everyone else because what is happening is not that they are just finding a new corner where they can go and sell their wares. what is happening is the business that banks used to do, regular way, middle of the fairway banking business, is being shifted into the nonbanking space. marc said it himself, the majority of investments, and they oversee about 5 billion, the majority are private investment grade. that is just a fancy name for commercial lending. that is what things used to do. lisa: if you take there point, it is not far away in short to lend long. they are not taking customer deposits and having to offset the risk or other types of short-term instruments and then using those for longer-term loans. maybe that is a more appropriate place to have it. still you see the jp morgan's delivering record profits, so what is

sridhar: it is not a wrong headline. 25 percent this year, bank of america is up 2%. the big goals there is also what happened with bank of america is that they've missed out on excess profit because of how their portfolio got impacted. jp morgan was not handicapped by that. it was able to capitalize on the looming crisis in march. it got further diminished into this california banking crisis, but jp morgan was again able to benefit and able to skip out first republic. it comes out stronger than before. you have jp morgan that is on track to post 50 billion dollars in adjusted traffic for the year. just to give you a sense of what that, goldman sachs's entire revenue is expected to be 46 billion. kailey: that would be the biggest annual profit in the history of american banking. paul: do you hear jamie dimon on regulations, you have to put that in context. you do a lot of work covering goldman sachs. i competed against him for more than 20 years, probably lost more than i won against them. they are good. but what about t