Bank earnings: JPMorgan slides on net interest income woes

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Net Interest Income News

Earnings Reports,Jpmorgan Chase & Co.

Shares of major banks JPMorgan Chase & Co. (JPM), Wells Fargo (WFC), and Citigroup (C) opened Friday's trading session under pressure following the release...

Investors are watching for the giant banks to demonstrate how they benefit if interest rates remain higher than expected this yearA key factor being closely watched is the decline in net interest income across these financial institutions.

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JPMorgan Chase's Profit Rises in Q1 on Higher Interest PaymentsJPMorgan Chase's profit increased in the first quarter due to higher interest payments, reaching $13.42 billion. CEO Jamie Dimon remains cautious about uncertain forces such as geopolitical tensions and persistent inflation.
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