JPMorgan sees 2014 headcount down about 5,000 employees JPMorgan sees 2014 expense to be about flat to down from prior year. Sees total headcount of 260K in 2014, down 5,000 from 2013. Sees CCB headcount down about 8,000 in 2014 to 149K.
JPMorgan sees incremental $1B+/- in releases over next two year JPMorgan said it expects an incremental $1B+/- in releases over the next two years, with majority in 2014. JPMorgan expects $200mm+/- release for each MB and Card in Q1. JPMorgan expects Net charge-off rates in Card, CIB and CB to remain low in 2014 and 2015. JPMorgan sees firmwide Net charge-offs of $5B+/- in 2014 and less than $5B in 2015.