JPMorgan Chase lowers outlook for net interest income to $ 57 billion in 2019
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JPMorgan Chase & Co lowered its outlook for net interest income for 2019 to about $ 57 billion for the full year from $ 57.5 billion, CEO Jamie Dimon said at a conference in New York on Tuesday. [19659003] FILE PHOTO: Jamie Dimon, Chairman & amp; Managing Director of JP Morgan Chase & amp; Co., arrives to testify before "/> FILE PHOTO: Jamie Dimon, Chairman and CEO of JP Morgan Chase & Co., arrives to testify before a hearing by the House Financial Services Committee on Capitol Hill in Washington [1[ads1]9659004] September 11, 2019 02: 23AM
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NEW YORK: JPMorgan Chase & Co lowered its outlook for 2019 net interest income to about $ 57 billion for the full year from $ 57.5 billion, CEO Jamie Dimon said at a conference in New York on Tuesday.
"Our (net interest income) will be a little lower than we told you last time," Dimon said at Barclays Financial Services Conference. "I think we told you $ 57.5 billion dollars and I are closer to $ 57 (billion) for this year. "
In July, the bank said it expected full-year 2019 net interest income to be $ 57.5 billion.
(Rapp courtesy of Elizabeth Dilts; Editing by Chris Reese)
