The bank dialed back its �return on equity� estimates to 15%-16% from 16% previously; Marianne Lake, the company's Chief Financial Officer, also noted that the bank could rake in an annual profit of about $27 billion once interest rates normalize.
J.P. Morgan Chase & Co. (NYSE: JPM) is being given quite a complement from Bank of America Merrill Lynch. The firm's Erika Najarian reiterated her Buy rating on the bank with the fortress balance sheet, along with a $68 price target.
(Reuters) - A whistleblower will be paid $63.9 million for providing tips that led to JPMorgan Chase & Co's agreement to pay $614 million and tighten oversight to resolve charges that it defrauded the government into insuring flawed home loans.
JPMorgan, Chase & Co., one of the Philadelphia region's biggest financial employers with more than 7,500 local employees in and around Wilmington, plans a bank operations center at AstraZeneca's partly vacant U.S.