JPMorgan CFO Says We Expect Net Interest Income Run Rate To Be Substantially Lower Going Ahead
Portfolio Pulse from Benzinga Newsdesk
JPMorgan's CFO has announced that the company expects its net interest income run rate to be substantially lower in the future.
July 14, 2023 | 12:14 pm
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JPMorgan's net interest income run rate is expected to decrease substantially, which could negatively impact the company's profitability.
Net interest income is a key measure of a bank's profitability. A decrease in this rate could mean lower profits for JPMorgan, which could negatively impact the company's stock price.
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