Is JPM Stock Still a Buy After Offering a Weak 2025 NII Outlook?
JP MORGAN CHASE(JPM) ZACKS·2024-09-11 23:11
Shares of JPMorgan (JPM) slumped 5.2% yesterday following statements by the company's president and chief operating officer, Daniel Pinto, during the Barclays Global Financial Services Conference.Pinto provided third-quarter 2024 outlook for major business lines and warned about a potential decrease in 2025 net interest income (NII) – the difference between what banks earn on their assets and what they pay on debts – due to interest rate cuts.JPMorgan’s 2025 NII to be Lower Than Previously ExpectedPinto not ...