Yield Curve Flattens JPMorgan's Expectations

JPMorgan Chase's (JPM) second-quarter conference call gave Wall Street a taste of CEO Jamie Dimon's colorful choice of words, but it also gave an important update on the company's outlook for 2017. 

The key number to focus on, as with any money-center bank's earnings, is net interest income (NII). JPM's NII grew only $200 million in the quarter, about half of the $400 million quarter-over-quarter growth CFO Marianne Lake had forecast on JPM's first-quarter conference call. As a consequence, JPM is now guiding to $4 billion of growth in NII for full-year 2017, down from the $4.5 billion management had expected in April. ...529 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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