{"id":81621,"date":"2022-05-24T00:14:21","date_gmt":"2022-05-24T04:14:21","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81621"},"modified":"2022-05-23T22:03:15","modified_gmt":"2022-05-24T02:03:15","slug":"jpmorgan-shares-pop-after-bank-says-it-will-reach-key-returns-target-earlier-than-planned","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2022\/jpmorgan-shares-pop-after-bank-says-it-will-reach-key-returns-target-earlier-than-planned.html","title":{"rendered":"JPMorgan shares pop after bank says it will reach key returns target earlier than planned"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/JPM\" target=\"_blank\">JPMorgan Chase<\/a> on Monday reversed course on guidance it gave in January, saying the bank could achieve a key performance target this year after all. The lender said that a 17% return on tangible common equity \u201cremains our target and may be achieved in 2022,\u201d according to a <a rel=\"noreferrer noopener\" href=\"https:\/\/www.jpmorganchase.com\/content\/dam\/jpmc\/jpmorgan-chase-and-co\/investor-relations\/documents\/events\/2022\/jpmc-Investor-Day-2022\/2022-firm-overview.pdf\" target=\"_blank\">presentation<\/a>. That\u2019s a switch from earlier this year, when CFO Jeremy Barnum <a href=\"https:\/\/www.cnbc.com\/2022\/01\/14\/jpm-earnings-4q-2021.html\">warned that headwinds, including rising costs<\/a>, would cause the bank to miss its target for the next one to two years.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/05\/23\/jpmorgan-backtracks-on-key-target-says-it-can-reach-17percent-returns-this-year.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) JPMorgan Chase on Monday reversed course on guidance it gave in January, saying the bank could achieve a key performance target this year after all. The lender said that a 17% return on tangible common equity \u201cremains our target [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81621","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81621"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81621\/revisions"}],"predecessor-version":[{"id":81623,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81621\/revisions\/81623"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}