[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.