JPMorgan Chase lowers 2019 outlook for net interest income to US$57 billion

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JPMorgan Chase & Co lowered its outlook for 2019 net interest income to about US$57 billion for the full year from US$57.5 billion, Chief ...

NEW YORK: JPMorgan Chase & Co lowered its outlook for 2019 net interest income to about US$57 billion for the full year from US$57.5 billion, Chief Executive Officer Jamie Dimon said at a conference in New York on Tuesday.

"Our will be a little bit lower than we told you last time," Dimon said at Barclays Financial Services Conference."I think we told you US$57.5 and I'm closer to US$57 for this year."In July, the bank had said it expected full year 2019 net interest income to be US$57.5 billion.

 

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