JPMorgan maintains 2026 expense outlook; ROTCE target at 17%
Reuters
Feb 24
JPMorgan maintains 2026 expense outlook; ROTCE target at 17%
NEW YORK, Feb 23 (Reuters) - JPMorgan Chase JPM.N on Monday maintained its forecast for annual adjusted expenses at $105 billion and said its target for return on tangible common equity was 17%.
"We remain confident in achieving our longer-term ambitions," the largest U.S. bank said in a presentation to investors.
Return on tangible common equity is a key profitability metric that measures how much income a bank generates from the capital that shareholders have invested in its core business.
(Reporting by Lananh Nguyen in New York and Manya Saini in Bengaluru)
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