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3 年前
BRIEF-JPMorgan Chase CFO says stock is undervalued
2014年2月25日 / 下午2点27分 / 3 年前

BRIEF-JPMorgan Chase CFO says stock is undervalued

Feb 25 (Reuters) - JPMorgan Chase & Co CFO Marianne Lake said at an investor conference on Tuesday: * JPMorgan's stock is now at 20 percent discount "to theoretical value" * Stock value calculation useful in approach to stock buybacks * Stock price reflects 10 percent cost of equity * Current stock price implies 13 percent return on tangible common

equity * 13 percent rotce is below company target of 15 percent to 16 percent * Bank could earn $27 billion a year once interest rates normalize

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