Originally Posted by
Happy
Right in this Foo
If I am the institution shareholders, I would NOT be happy to know that Chase has miscalculated the acquisition cost so poorly that it would take 7 years to break even.... All the spin is how Chase could cultivate the "desirable" customers so to establish deeper relationship that leads to loans and private client (investment) business... So far this remains to be seen and really is a "Pie in the Sky" thing.
The way things sound 7 years was being bigly optimistic