"Management continues to play the long game and build even bigger competitive moats around each of its businesses by making smart growth and control-related investments that some smaller and/or less profitable peers can't fully do," Evercore ISI bank analyst Glenn Schorr wrote in a note on Tuesday.
Marking a change from previous investor conferences, Lake, 48, was given a more prominent role, providing updates on each of the company's four major business segments as well as an overview of the company.
The chief executive officers of the four businesses, who have made presentations in the past, this year went to the podium to take questions.
The changes were designed to shorten the conference, a person familiar with the matter said. The shift raises Lake's profile as a leading contender to replace CEO Jamie Dimon, 61, who recently said he will step down in about five years. Lake was named CFO in 2012.
This article was provided by Reuters.