JPMorgan Results Offer Strong Case for Financial Technology


JPMorgan Chase’s fourth-quarter results offer a compelling case for cranking up the industry’s use of financial technology.

The bank, run by Jamie Dimon, is one of the industry’s top performers. Yet its annualized return on equity for the three months to December was just 9 percent — and it relied on one-offs to get there. New technology offers a way to increase both revenue and savings.

JPMorgan has done a lot to improve its operations in recent months. Core loans grew 5 percent from 2015’s third quarter and 16 percent over the course of the year. The bank cut many capital-intensive assets, including tough-to value ones, noncore deposits and over-the-counter derivatives. That means the capital buffer it is required to maintain as a systemically important financial institution ought to drop from 4.5 percent of total assets in 2014 to 3.5 percent now…

JPMorgan Results Offer Strong Case for Financial Technology

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