February 26, 2019 / 12:16 PM / 8 months ago

JPMorgan maintains key profit goal for three years

NEW YORK, Feb 26 (Reuters) - JPMorgan Chase & Co on Tuesday maintained its key profit goal for its medium-term outlook of three years, according to an investor presentation ahead of its 12th annual investor day.

The bank projected that returns on tangible common equity (ROTCE), a key profit measure considered to be a yardstick for how well banks use shareholder money, will be 17 percent, same as last year. bit.ly/2GMaYXR

Several stock analysts were expecting the bank to raise its target as bank executives have shown confidence so far this year about the bank’s competitive position and the macro economic conditions. (Reporting By Elizabeth Dilts and Aparajita Saxena; Editing by Anil D’Silva)

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