JPMorgan lifts outlook for net interest income, affirms ROTCE target -Breaking
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© Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar(Reuters) – JPMorgan Chase & Co (NYSE:) on Monday presented a more optimistic profit outlook for itself as it opened an investor conference to relieve worries that it might be starting to lose its edge.
JPMorgan, the largest and most profitable large U.S. bank was posted slides shortly after sunrise in which it reiterated its target of 17% return on tangible capital equity and suggested it could be reached in 2022.
In addition, the bank stated that it expects net interest income of $56 trillion, which excludes markets, by 2022.
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