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Financial Goal Setting

JP Morgan identifies long, medium, and short-term financial goals across its various business lines including credit cards, mortgages, asset management, and investment banking. It breaks these goals down and conducts intensive research on company and macroeconomic factors to evaluate progress. JP Morgan reviews progress on financial goals monthly, quarterly, or semi-annually to determine if programs are working as intended.

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Rajat Gagori
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25 views

Financial Goal Setting

JP Morgan identifies long, medium, and short-term financial goals across its various business lines including credit cards, mortgages, asset management, and investment banking. It breaks these goals down and conducts intensive research on company and macroeconomic factors to evaluate progress. JP Morgan reviews progress on financial goals monthly, quarterly, or semi-annually to determine if programs are working as intended.

Uploaded by

Rajat Gagori
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Financial Goal Setting

Step 1: JP Morgan identify their financial goals like increasing their their current credit card user, making the customer use more of their credit card, increasing their mortgages. They also have targets in their other business like asset management company, investment banking etc. Step 2: They break each financial goal down into several short-term (less than 1 year), medium-term (1 to 3 years) and long-term (5 years or more) goals; which make their process easier. Step 3: They have intensive research team which makes minute observation in the company. Their observation is not limited to the micro economics but also macro economics and global economics. Their research is on the company performance and primary datas. Step 4: They evaluate your progress as often as needed. Review their progress monthly, quarterly, or at any other interval they feel comfortable with, but at least semi-annually, to determine if their program is working.

GOAL CONGRUENCE
The term goal congruence is to insure that all its operations and activities are set up in support of the organization's goals. This means that the organization will review all its operations and activities to insure that none of them (those operations and activities) work in a way that limits or inhibits the organization's ability to reach its goals, whatever they may be. Supported consumers Provided $252 billion of credit to consumers in 2011 Provided new credit cards to 8.5 million people in 2011 Originated over 765,000 mortgages in 2011 Offered over 1.2 million mortgage modifications and completed 452,000 since 2009 Supported businesses Provided $545 billion of credit to businesses in 2011, up 28%, including - $257 billion2 for Investment Bank clients, up 29% - $106 billion2 for Commercial Banking clients, up 18% - $65 billion2 for Treasury & Securities Services clients, up 14% - $100 billion2 for Asset Management clients, up 48% - $17 billion2 to U.S. small businesses, up 52% Raised $1.0 trillion of capital for clients in 2011, up 23%

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