NEW YORK, Feb 23 (Reuters) – JPMorgan Chase kept its forecast for annual adjusted expenses unchanged at $105 billion and said it targets 17% return on tangible common equity.
“We remain confident in achieving our longer-term ambitions,” the largest U.S. bank said on Monday in a presentation to investors, ahead of its investor event in New York.
Return on tangible common equity is a key profitability metric that measures the efficiency with which a company operates and utilize its tangible assets to generate long-term profits.
In January, JPMorgan reported a fourth-quarter profit that exceeded analysts’ estimates as its traders benefited from volatile markets. The bank beat Wall Street profit estimates in all four quarters of last year, according to LSEG data.
Its shares rose 34.4% in 2025, outperforming both an index tracking large-cap U.S. lenders and the broader equities benchmark.
The stock was up marginally in post-market trading.
(Reporting by Lananh Nguyen in New York and Manya Saini in Bengaluru)
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