1 JPMorgan Stat to Ignore (and 1 to Heed)
JPMorgan announced that it could create an additional $1 billion in pre-tax profit in five years by merging its investment and corporate banks with its treasury and securities services business. Fool analyst Anand Chokkavelu doesn't think there's much to the restructuring. He would pay more attention to JPMorgan doing away with its 17% return on equity goal. He explains in the video below.
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The article 1 JPMorgan Stat to Ignore (and 1 to Heed) originally appeared on Fool.com.Anand Chokkavelu owns shares of long-dated options in JPMorgan. Andrew Tonner has no positions in the stocks mentioned above. The Motley Fool owns shares of JPMorgan. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.