JP Morgan Expects FY2024 Net Interest Income Of ~$92.5B, Market Dependent; Q3 YTD Of $69.6B Implies Q4 Of ~$22.9B; Expect FY24 Net Interest Income Excluding Markets Of ~$91.5B, Market Dependent; Q3 YTD Of $69.4B Implies Q4 Of ~$22.1B; Expect FY24 Adjusted Expense Of ~$91.5B, Market Dependent; Q3 YTD Of $68.5B Implies Q4 Of ~$23.0B
Portfolio Pulse from Benzinga Newsdesk
JP Morgan projects its FY2024 net interest income to be around $92.5 billion, with a Q3 YTD of $69.6 billion implying a Q4 income of approximately $22.9 billion. Excluding markets, the FY24 net interest income is expected to be $91.5 billion. The FY24 adjusted expense is also projected at $91.5 billion.
October 11, 2024 | 1:03 pm
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JP Morgan anticipates its FY2024 net interest income to be around $92.5 billion, with a Q3 YTD of $69.6 billion suggesting a Q4 income of $22.9 billion. Excluding market factors, the FY24 net interest income is expected to be $91.5 billion. The FY24 adjusted expense is also projected at $91.5 billion.
The projected net interest income and adjusted expenses for FY2024 indicate a stable financial outlook for JP Morgan. The Q3 YTD figures suggest a consistent performance, and the market-dependent nature of these projections implies potential for growth if market conditions are favorable.
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