Bookish returns

14 Jan 2011 By Antony Currie

The U.S. megabank earned $4.8 bln, but return on equity was just 11 pct and relied on some oneoff gains. That needs to improve to bump the stock much above book value. But JPMorgan s broad franchise and capital base put it in a better position than many smaller rivals.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)