JPMorgan Chase boosted expectations for a key revenue source in 2024 due partly to fewer rate cuts expected from the Federal Reserve.
Attendees at JPMorgan's annual investor day Monday will be listening for answers to some key questions. A top concern is how much longer Jamie Dimon plans to run the largest US bank.
NEW YORK (Reuters) -JPMorgan Chase on Monday raised its forecast for net interest income (NII), or the difference between what it makes on loans and pays out on deposits, to $91 billion, excluding the markets division. Shares of the bank rose about 1% in premarket trading ahead of the bank's investor day event scheduled to kick off in New York later in the morning. JPMorgan's previous forecasts for NII had disappointed analysts as they were expecting the bank to reap greater benefits from persistently higher interest rates.