JPMorgan Forecasts Rising Interest Income Despite Economic Uncertainty
America’s biggest bank says businesses and consumers are resilient in the face of uncertainty.As such, JPMorgan Chase is projecting that it could earn more from interest payments this year, according to a Reuters report Monday (May 19) from the bank’s annual presentation to investors and analysts.Jeremy Barnum, the bank’s chief financial officer, told investors that JPMorgan’s net interest income — the difference between what it pays on deposits and makes from interest payments — could increase by $1 billio ...