JPMorgan Chase (JPM, Financial) has revised its previous outlook, now anticipating net interest income for next year to exceed estimates by approximately $2 billion. Marianne Lake, head of JPMorgan's consumer and community banking, shared this update at a financial services conference. She highlighted an improved interest rate outlook for 2025, with rates expected to be about 40 basis points higher than previously thought. This adjustment aligns with a consensus expectation of $87 billion, slightly down from earlier predictions.
Additionally, JPMorgan forecasts a 45% year-over-year increase in fourth-quarter investment banking fees, surpassing analyst expectations, with trading income potentially rising by 15% or more. The bank also anticipates spending $1 billion more than the current analyst estimate of $94.3 billion next year.
