JPM Stock prices were up on Friday, trading at $112.07 as of 12:26 PM EDT.
JPM Stock ( NYSE:JPM ) was up 2.4% in premarket trading on Friday. Depending on market activity, the bank anticipates net interest income for FY2022 to be between $66 billion and $61.5 billion without the impact of the markets. This is different from what was said before about net interest income, excluding corporate and investment banks, which was more than $58 billion. In the meantime, JPMorgan ( NYSE:JPM ) raised its allowance for loan losses to get ready for the economy to slow down.
Its forecast for FY2022’s adjusted non-interest expense is at $77 billion. Strong performance in its consumer banking division is helping Q3 earnings. In the meantime, JPMorgan ( NYSE:JPM ) increased its provision for loan losses to prepare for a slowdown in economic activity.
In the United States, people continue to spend with strong financial standing, there are many job openings, and businesses are in good shape, according to CEO Jamie Dimon . “However, there are big headwinds right in front of us stubbornly rising inflation, leading to higher global interest rates, the unclear implications of quantitative tightening, the war in Ukraine which is heightening all geopolitical dangers, and the vulnerable situation of oil supplies and prices.”
JPM Stock, EPS, and Financials Breakdown
The Q3 EPS of $3.12 abov...
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