So what to make of JPMorgan's (JPM) investor day? For most people, it confirms a certain confidence in management, led of course by CEO Jamie Dimon (Jamie Dimon news). The bank seems to be fairly well-positioned to take advantage of a pop in the economy. Once credit markets improve and the bank can better digest recent big acquisitions (acquisitions news), executives think they can double net income. However, they did not specify a timeline as to when this doubling would occur, according to the Financial Times.

Strength is of course a relative measure, and no one doubts that the bank has fared well when measured against peers--especially other commercial bank (commercial bank news) powerhouses. Still, they have to find a way to make their deals work--Bear Stearns, Washington Mutual and RBS Sempra. The jury is still out. There could well be some short-term hits, especially if competition and weaker volume take down trading (trading news) profits. Apart from business issues, the event offered a nice chance for Dimon to reiterate his views on how Washington is treating banks. It's fair to say he's not impressed.  

For more:
- here's the FT article

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