JPMorgan Cuts Net-Interest Income Forecast – Market Not Amused

In April, JPMorgan reported Q1 results that showed the bank bouncing back from its first profit miss in 15 quarters with a decent set of results, which included record adjusted revenue that topped even the highest analyst estimate and record net interest income of $14.5 billion, a figure that was helped along by Fed hikes. One would assume the first quarter was the high water mark in terms of Fed-assisted NII boosts. Last quarter, the bank reiterated that it expects $58 billion of interest inco