JPMorgan expects rising interest income while citing economic risks

predicted it would earn more income from rising interest rates despite uncertainty hanging over the economy, executives said at the bank’s investor day on Monday.

The path of NII will probably be “noisy” in the coming quarters, with increases and declines, Barnum said. Some of that is directed at artificial intelligence , which its CEO Jamie Dimon has previously said could be as transformative as the steam engine, electricity or the internet.More broadly, the bank’s total expenses are expected to rise to about $92 billion in 2024 from $85.7 billion last year, according to a presentation.

Source: Loan Digest (loandigest.net)

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