: JPMorgan interest income view falls short of expectations #FinanceUSA #StockMarketNEWS JPMorgan Chase & Co. shares fell 3% in premarket trades on Friday on the heels of its fourth-quarter profit update
@stockMarketNEWS Tue 18 Jan, 2022
JPMorgan interest income view falls short of expectations #FinanceUSA #StockMarketNEWS
JPMorgan Chase & Co. shares fell 3% in premarket trades on Friday on the heels of its fourth-quarter profit update and guidance for 2022. The bank expects 2022 net interest income of about billion, which is below the latest target of .7 billion in a survey of analysts by FactSet. JPMorgan Chase also expects about billion in adjusted noninterest expense, up from .9 billion in 2021. The bank expects return on average tangible common shareholders' equity, or ROTCE, of 17%, "despite short-term headwinds" including a continued low-rate environment, sharper normalization in markets and inflationary pressure on expenses, the bank said.
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