The Limited Times

Now you can see non-English news...

JP Morgan revises net interest income forecast this year by $ 500 million

2019-09-11T02:25:28.204Z


[New York 10th Reuters]-US financial giant JP Morgan Chase <JPM.N> lowered net interest income forecast for 2019 by about $ 500 million to $ 57 billion. Wells Fa


[New York 10th Reuters]-US financial giant JP Morgan Chase <JPM.N> lowered net interest income forecast for 2019 by about $ 500 million to $ 57 billion. Similarly, Wells Fargo (W Fargo) <WFC.N> and Citigroup <CN> also revised their outlook on the same day.

JP Morgan's CEO, Dimon, said at a financial services meeting in the region that net interest income this year is expected to be $ 57 billion, slightly lower than previously expected $ 57.5 billion. It was.

He also expects JP Morgan's third-quarter trading revenue to be 10% below the second-quarter. Meanwhile, third-quarter corporate merger / acquisition (M & A) fee income is expected to be flat from the second quarter.

Source: asahi

All news articles on 2019-09-11

You may like

Business 2024-02-20T05:03:40.599Z
Business 2024-03-02T04:55:49.460Z

Trends 24h

News/Politics 2024-03-27T16:45:54.081Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.