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JPM Results: Miss On NII Guidance

FINANCIALS

JPMorgan results headlines (JPM US), looks marginally weak on NII:


  • JPM STILL SEES FY NET INTEREST INCOME ABOUT $90B, EST. $90.72B
  • JPMORGAN SEES FY ADJ. EXPENSE ABOUT $91B, SAW ABOUT $90B
  • JPMorgan Chase Non-GAAP EPS of $4.63 beats by $0.50, revenue of $41.93B beats by $240M
  • JPMorgan Chase: Looking Ahead, We Expect Normalization to Continue for Both NII and Credit Costs >JPM
  • JPM CITES DEPOSIT MARGIN COMPRESSION & LOWER DEPOSIT BALANCES*JPM: NII DECLINED 4% SEQUENTIALLY THIS QTR

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