Dough Braunstein, CFO of J. P. Morgan Chase & Co. opened th e29th annual J. P. Morgan Healthcare Conference, welcoming 8000+ attendees and tracing the bright spots evident towards the end of 2010. 2010 turned out to be a strong year for IPOs in the end. There were 40 US IPOs last year. S&P and DOW are up and commodities have made a good rally. However, there continues to remain some challenges, said Braunstein. Unemployment still hovers around 9% and housing market is still lagging behind.
JPM will continue to take advantage of the improving market conditions and will continue to maintain its leadership status in almost every asset class, said Braunstein. He ended on a positive note that JPM will look forward to partnering with companies to help build the strength of US and global healthcare business.