JPMorgan Chase raises 2024 NII forecast to $91bn due to improved interest rate expectations.

JPMorgan Chase predicts a rise in its net interest income (NII) to $91bn for 2024, up from its previous forecast of $89bn in April. The bank attributes the increase to more favorable interest rate expectations, with fewer anticipated rate cuts from the Federal Reserve. Despite the uncertainty hanging over the economy, JPMorgan's NII forecast revision comes ahead of its investor day conference.