JPMorgan to maintain key growth targets from last year at investor day: analysts

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JPMorgan Chase & Co executives are unlikely to provide new financial targets at the bank's annual investor day on Tuesday, and instead will use ...

JPMorgan Chase & Co executives are unlikely to provide new financial targets at the bank's annual investor day on Tuesday, and instead will use the forum to showcase a clean-energy initiative, analysts said.

"We believe the challenge is for JPM to maintain this strong operating performance while at the same time investing for growth and gaining customer wallet share," said Wells Fargo analyst Mike Mayo. However, JPMorgan will likely keep the bank's official outlook stable for expenses relative to revenue, and for return on tangible common equity , which measures how well a bank uses shareholder money to produce profit.

 

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