JPMorgan: market hails investor meeting
(CercleFinance.com) - On Monday JPMorgan raised its net interest income forecast for 2022 at the US bank's annual investor day.
The New York-based group this morning said that it is targeting net interest income, excluding markets, of over 56 billion dollars this year, up from a previous target of over 53 billion dollars.
The largest US bank by assets also confirmed its intention to post adjusted expenses of around 77 billion dollars for the year.
JPMorgan added that its target of a "tangible" return on capital (ROTCE) of around 17% could also be achieved this year.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The New York-based group this morning said that it is targeting net interest income, excluding markets, of over 56 billion dollars this year, up from a previous target of over 53 billion dollars.
The largest US bank by assets also confirmed its intention to post adjusted expenses of around 77 billion dollars for the year.
JPMorgan added that its target of a "tangible" return on capital (ROTCE) of around 17% could also be achieved this year.
Copyright (c) 2022 CercleFinance.com. All rights reserved.