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Non-Tech : BANK ONE
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To: David C. Burns who wrote (251)2/9/2000 8:45:00 PM
From: Big Dog   of 466
 
Previous post is consistent with January 11th press release regarding Outlook for 2000:

"OUTLOOK FOR 2000

Bank One expects operating earnings for 2000 will be $2.80 to $3.00 per share, with a return on equity of approximately 17%. The outlook for Bank One in 2000 will be reviewed today in a meeting with investors, analysts, and the press.

The key performance drivers for 2000 include:

-- All lines of business, excluding credit card, are expected to grow earnings 10% to 12%, driven by revenue growth of 5% to 8% with expense growth of 2% to 4%.

-- Credit card return on outstandings (pre-tax) is expected to decline to 1.00% in 2000 from 2.50% in 1999.

-- Credit quality is expected to remain stable.

-- Achievement of promised cumulative merger synergies of $900 million to 950 million in 2000. 1999's synergy savings are estimated to be $475 million."
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