FMP
JPMorgan’s 2023 Investor Day Review
May 23, 2023 2:38 PM - Davit Kirakosyan
Image credit: FMP
RBC Capital analysts provided their takeaways from JPMorgan Chase & Co. (NYSE:JPM) Investor Day 2023, where the company outlined its businesses' strategies with a keen focus on executing the detailed strategic plans that should enable it to outperform its peer group over the next 3–5 years. The company once again showed its strength and stability through the recent First Republic transaction during the regional banking turmoil.
The company maintained its ROTCE target of approximately 17%. It expects 2023 NII (Net Interest Income) excluding Markets to increase to around $84 billion, up from its Q1/23 outlook of $81 billion.
The analysts believe the company is a well-managed, diversified global bank that will continue to see strong growth. The analysts note, however, that there are potential economic storm clouds on the horizon that could prove disruptive to the profitability targets set out by JPMorgan.
Other Blogs
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
P/E Ratios Using Normalized Earnings
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
What is Price To Earnings Ratio and How to Calculate it using Python
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
VMware Stock Drops 12% as China May Hold Up the Broadcom Acquisition
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...
