Investment Banking

JPMorgan says tax changes will lead to higher profitability

US bank increases a key profitability metric to roughly 17% from 15%

JPMorgan says tax changes will lead to higher profitability

JPMorgan is optimistic about 2018 and the impact the new US tax law will have on its financial outlook.

The largest US bank by assets shared new targets and expectations in its annual investor day presentation Tuesday, which for the first time included benefits from changes to the tax law.

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