J. P. Morgan Chase has found a sure way to keep investors and analysts from reading its 10K filing with the Securities and Exchange Commission: it's 999 pages long. Fortunately for us, the analysts at Salomon Smith Barney did read it, and picked out some tidbits, all positive.
Chase, according to its 10Q, expects private equity gains in 2001 to be "consistent" with last year's level, which amounted to about $2 billion. Management also confirmed its long-term growth goals, EPS at 15%, ROE in a range of 20% to 25%, and revenue growth at 10% to 12%.
Actually, the primary document is a mere 112 pages, the addenda account for the rest. But as we all know, the juiciest tidbits often are in the fine print.