JPMorgan Chase third-quarter net interest income beats estimates
) has reported higher-than-expected net interest income in the third quarter, sending shares in the Wall Street banking giant up in premarket US trading on Friday.
In the current quarter, JPMorgan said it expects NII to decline slightly to $22.9 billion, bringing its annual total to about $92.5 billion. NII came in at $89.7 billion in its 2023 fiscal year. JPMorgan has also previously cautioned investors in the past that it may have been"overearning" on its lending profits.
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