UPDATE 1-JPMorgan raises annual forecast for net interest income to $53 bln
Published on: Friday 18 February 2022
JPMorgan Chase & Co expects its net interest income to grow to $53 billion in 2022, up $3 billion from its prior forecast, Chief Financial Officer Jeremy Barnum said on Friday at a conference hosted by Credit Suisse. JPMorgan's new outlook for net interest income is based on an expectation of six rate hikes by the Federal Reserve this year. The bank will not spend more than planned on business investments in light of the additional net interest income expected, he said in response to a question.
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