This time last year, Jamie Dimon was preparing for the bank’s investor day in a rare moment of vulnerability, as shareholders raised concerns about the bank’s $15 billion investment plans and rebelled against his paycheck.

Fast forward 12 months, and the longest-serving CEO of a major Wall Street bank is heading into the same event after seemingly regaining his magic, buoyed by the acquisition of the remains of First Republic and a far less troubled shareholder base. Last week, his salary had the support of nearly 90 percent of investors.

Dimon was on point as Wall Street’s unofficial ambassador in Washington on the recent regional banking crisis and during the debt ceiling debate. People close to the 67-year-old, who is often said to thrive during crises, describe him as having had an extra spring in his step in recent months.

Indeed, the past 12 months might have been considered one of the best periods of his nearly two-decade reign were it not for the sudden torrential rain of devastating revelations from two cases involving the bank’s relationship with the late financier Jeffrey Epstein.

Now as Dimon prepares to address shareholders at this year’s Investor Day, he has to convince them that the bank — the largest in the US — still has plenty of room to expand.

“There is no reason for us to believe that the company cannot continue to grow and benefit from economies of scale, and just continue to serve its existing customers with more products and acquire new customers,” said Jason Goldberg, banking analyst at Barclays.

Bank stocks have outperformed the benchmark S&P 500 and KBW Banking Index in the past year, and have emerged as one of the winners in the recent regional banking crisis. In a research note this week, Wells Fargo analysts estimated that JPMorgan’s market value could more than double within seven years to reach $1 trillion, reaching a level that was once the preserve of technology and oil companies.

“It appears they were benefiting from deposit inflows following the banking turmoil that occurred in March with the failures of Silicon Valley and Signature Bank,” said John McDonald, senior analyst covering large-cap banks at Autonomous Research.

Despite the optimism, Epstein’s lawsuits loom large. Damon is set to be deposed in the case later this month. The judge handling the litigation will soon rule whether or not one of the plaintiffs, Epstein’s alleged victim, can expand her case into a class action lawsuit.

JPMorgan is also dealing with the fallout from its $175 million acquisition of start-up student financial planning firm Frank. The bank later claimed that it had grossly overestimated its user numbers. Dimon called the deal a “huge mistake”. Frank founder Charlie Javis was formally indicted this week for bank fraud, but the episode raised questions about JPMorgan’s due diligence.

Part of JPMorgan’s growth has been driven by investments that have come under fire from shareholders. This time last year, they were questioning the bank for failing to explain in more detail the reasons for the $15 billion spending, a mistake Dimon tried to correct last year.

“They’ve had the luxury of being such a solid bank for a while that they’ve been consistently investing in the franchise, perhaps more than any other bank,” said David Conrad, an analyst at Keefe, Bruyette & Woods.

Analysts now say spending on initiatives including cloud computing, hiring and marketing is starting to yield market share gains. “What JPMorgan has proven over the past year, though, is that it makes good returns on those investments,” said Erica Najarian, banking analyst at UBS.

At Investor Day, Dimon will be joined by leaders of the bank’s four business divisions, who are expected to give presentations on corporate and investment banking, retail and community banking, commercial banking, and asset and wealth management.

Analysts expect a presentation from co-presidents of consumer and community banking Marian Lake and Jennifer Pepszak to shed more light on JPMorgan’s deal to First Republic in April. The acquisition increases JPMorgan’s presence in wealth management, one of the few areas where it isn’t considered a dominant player.

Analysts are also hoping for an update on JPMorgan’s digital-only international bank that began operating in the UK in 2021. The bank revealed last year that it expects to lose more than $1 billion in the next few years on the effort before it breaks even by 2028.

If Dimon had still been CEO by then, he would have held the position for more than 20 years. He has given no indication that he plans to step down anytime soon, and is expected to earn $50 million if he’s still in charge by 2026.

Still, investors will view Investor Day as an opportunity to size up potential internal candidates who could take over from Dimon.

“Investor Day remains one of the best windows for assessing JPM’s broader management lineup, and consider who will ultimately succeed Dimon,” the independent research analysts wrote in a note this week.