JPMorgan briefly spikes after top executive touts better-than-expected Q4 growth

Investing.com
Updated
Mitrade
coverImg
Source: Shutterstock

Investing.com -- JPMorgan briefly spiked Tuesday after a top executive touted a strong outlook for the fourth quarter and year ahead.

JPMorgan Chase&Co (NYSE:JPM) jumped before paring gains to trade flat following the news.

The bank's Q4 net interest income is expected to be better than expected, while investment banking fees could rise 45% from a year earlier, Marianne Lake, CEO of Consumer and Community Banking at JPMorgan Chase said Tuesday, Bloomberg reported. Analysts expected net interest income of $92.43B for the December quarter. 

Trading revenue in Q4, meanwhile, could climb mid-teens or more from a year earlier, Lake added.

Looking further ahead to 2025, Lake estimated net interest income could come in $2B higher than current estimate. 

The bullish outlook comes even as economic strength is expected to continue next year, albeit at a more moderate pace, underpinned by ongoing rate cuts, slowing inflation and a still resilient consumer. 

Global Growth is projected to slow to 2.2% in 2025 from 2.7% in 2024m with U.S. GDP growth forecast to slow 2.0% from a 2.4% annual pace, while China falls to 3.2% from 4.8%.

Global inflation is expected to slow to a pace of 2.7% from 3%, with the rates of disinflation varying globally.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Dow Jones futures dive on concerns about higher trade tariffsDow Jones Index Futures anticipate a negative opening on Friday after Thursday’s positive session.
Author  FXStreet
Jul 11, Fri
Dow Jones Index Futures anticipate a negative opening on Friday after Thursday’s positive session.
placeholder
Tesla’s market share in China dropped to 4%Tesla is bleeding market share in China while Elon Musk’s influence there is evaporating.
Author  Cryptopolitan
Jul 09, Wed
Tesla is bleeding market share in China while Elon Musk’s influence there is evaporating.
placeholder
Jeff Bezos sold nearly 3 million Amazon shares for $665.8 million in early JulyJeff Bezos has sold nearly three million shares of Amazon in the first two days of July, offloading a total of $665.8 million.
Author  Cryptopolitan
Jul 09, Wed
Jeff Bezos has sold nearly three million shares of Amazon in the first two days of July, offloading a total of $665.8 million.
placeholder
Global markets aren’t buying Trump’s tariff threats this timeGlobal stocks are breaking records in 2025 while Donald Trump keeps yelling tariffs from the White House.
Author  Cryptopolitan
Jul 09, Wed
Global stocks are breaking records in 2025 while Donald Trump keeps yelling tariffs from the White House.
placeholder
Dow Jones Futures attempt to recover losses as Trump delays tariff implementationDow Jones Futures move sideways ahead of the opening on Tuesday, trading around 44,680, up by 0.01%.
Author  FXStreet
Jul 08, Tue
Dow Jones Futures move sideways ahead of the opening on Tuesday, trading around 44,680, up by 0.01%.