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According to an article in the Wall Street Journal, in 2016 J.P. Morgan Chase's leverage ratio was 6.2%. The bank's return on equity was 9%.
According to an article in the Wall Street Journal, in 2016 J.P. Morgan Chase's leverage ratio was 6.2%. The bank's return on equity was 9%. Calculate the bank's ROA. Source: Stephen Grocer, open double quoteCitigroup, Wells Fargo Report Earnings dash Recap,close double quote Wall Street Journal, July 15, 2016.
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