BRIEF-JP Morgan Chase Forecasts Net Interest Income For 2020 Of $57 Bln Or More, For 2021 $60 Bln Or More
JPMorgan Chase & Co: * JP MORGAN CHASE FORECASTS NET INTEREST INCOME FOR 2020 OF $57 BILLION OR MORE, FOR 2021 $60 BILLION OR MORE
* JP MORGAN CHASE SETS $200 BILLION GREEN FINANCING TARGET OVER MULTIPLE YEARS, UP FROM $175 BILLION IN 2019 * JP MORGAN CHASE SETS MEDIUM-TERM RETURN ON TANGIBLE COMMON EQUITY FORECAST AT 17%, UNCHANGED FROM PREVIOUS FORECAST
* JP MORGAN CHASE EXPECTS NET RESERVE BUILD IN 2020, PRIMARILY DRIVEN BY CARD ON GROWTH * JP MORGAN SETS 2020 NET CHARGE-OFF RATE AT $6 BILLION
* JP MORGAN FORECASTS MEDIUM TERM ROE OF 16% FOR ITS CORPORATE AND INVESTMENT BANK * JP MORGAN RAISES MEDIUM TERM ROE TO 25% FOR CONSUMER AND COMMUNITY BANKING
* JP MORGAN FORECASTS MEDIUM TERM ROE OF 18% FOR ITS COMMERCIAL BANKING * JP MORGAN RAISES MEDIUM TERM ROE TARGET TO 25% FOR ASSET AND WEALTH MANAGEMENT Source text: (http://bit.ly/390PyR1) Further company coverage:
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