JPMorgan Chase plans to use size to its advantage, leveraging its various components to boost annual earnings more than 25 percent over time, bank executives told Reuters.
At the banking company's investor day, CFO Doug Braunstein said JPMorgan was targeting $24 billion in annual net income, up from the $19 billion it earned last year.
"I'll be damned if we don't have record profits at least for a while now," Chief Executive Officer Jamie Dimon said in closing remarks at the conference.
Even though JPMorgan fared better than many of its peers during the financial crisis, Dimon is still under pressure to show how the bank can grow revenue in a tepid economic environment and increased regulatory requirements for large banks….
Find out more at http://www.reuters.com/article/2012/02/28/us-jpmorgan-idUSTRE81R16320120228
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