Bank Outlines Plans to Double Income

JPMorgan Chase executives yesterday outlined their plans to double net income from last year’s $11.7bn, a goal they expect to reach once credit markets improve and the bank reaps returns from recent acquisitions and investments. JPMorgan’s leaders, speaking at the bank’s midtown Manhattan headquarters, stopped short of specifying when they would reach the target for annual profits of $22bn-$24bn – a nod to the uncertain outlook for both the world’s economy and looming reforms to financial services regulations.

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3d rendering of a row of luxury townhouses along a street

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