NEW YORK, Feb 23 (Reuters) - JPMorgan Chase ( JPM ) kept its forecast for annual adjusted expenses unchanged at $105 ​billion and said it ‌targets 17% return on tangible common equity.

"We ⁠remain confident in achieving our longer-term ⁠ambitions," the largest U.S. ‌bank said ‌on Monday in a presentation to investors, ahead ​of its investor ‌event in New York.

Return on tangible common equity is ​a key profitability ​metric ‌that measures the efficiency with which a company operates and utilize its ⁠tangible assets to generate long-term ⁠profits.

In January, JPMorgan ( JPM ) reported a fourth-quarter profit that exceeded analysts' estimates as its traders benefited from ⁠volatile ‌markets. The bank beat ‌Wall Street profit estimates in all ⁠four quarters of last year, according to LSEG data.

Its shares rose 34.4% in 2025, outperforming both an index tracking large-cap U.S. lenders and the broader ​equities benchmark.

The stock was up marginally in post-market trading.

(Reporting by Lananh ​Nguyen in New ‌York and Manya Saini ​in Bengaluru)