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Benzinga
Benzinga
Business
Adam Eckert

Why JPMorgan Chase Shares Are Surging Today

JPMorgan Chase & Co (NYSE:JPM) shares are trading higher Monday after the company issued guidance in a presentation for its Investor Day 2022.

JPMorgan said it expects net interest income to build throughout the year, leading to a fourth-quarter run rate of $66 billion plus. The bank also said that a 17% return on tangible common equity (ROTCE) "remains our target and may be achieved in 2022."

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