JP Morgan President Says No Change In Guidance For Credit Card Net Charge Offs; Expenses Could Inch Up Higher; Market Expectation Around NII Has Been Very High
Portfolio Pulse from Benzinga Newsdesk
JP Morgan's President announced that there will be no change in guidance for credit card net charge-offs, but expenses might increase slightly. The market's expectations for Net Interest Income (NII) have been very high.
September 10, 2024 | 2:25 pm
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JP Morgan maintains its guidance on credit card net charge-offs, indicating stability in this area. However, expenses are expected to rise slightly, which could impact profitability. The market has high expectations for Net Interest Income, which could influence investor sentiment.
The unchanged guidance on credit card net charge-offs suggests stability, which is positive. However, the potential rise in expenses could negatively impact profitability. High market expectations for NII could lead to volatility if not met.
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