JPMorgan (JPM) Lifts '24 NII View, Discusses Succession Plan
JPMJP MORGAN CHASE(JPM) zacks.com·2024-05-21 21:26

The expectation of fewer interest rate cuts seems to be a boon for JPMorgan (JPM) . The company now projects net interest income (NII) for 2024 to be nearly 92billion,upfromthepriortargetofapproximately92 billion, up from the prior target of approximately 90 billion. Other than lesser rate cuts, "better-than-expected reprice and migration performance” also drove the NII guidance. JPMorgan announced this and a few other updated/new targets at the Investor Day conference yesterday. The top management also discussed the succession plan and the role of ...