JP Morgan CFO: NII expectations for 2025 may seem "unrealistic" but can still be achieved
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Jeremy Barnum, Chief Financial Officer of JPMorgan Chase, stated that the net interest income (NII) for the 2025 fiscal year is expected to be around $87 billion, which may seem unrealistic but is still achievable. Chairman Jamie Dimon expressed disappointment and believed that the actual figure may be lower than $87 billion. The company expects NII for the fourth quarter to be $22.9 billion, down from $23.4 billion in the third quarter, mainly due to the impact of the yield curve. Dimon emphasized that JPMorgan Chase will focus on growth and invest in private banking and artificial intelligence technology
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