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JPMorgan Chase lowers 2019 outlook for net interest income to $57 billion

Credit: REUTERS/STEPHANIE KEITH

JPMorgan Chase & Co lowered its outlook for 2019 net interest income to about $57 billion for the full year from $57.5 billion, Chief Executive Officer Jamie Dimon said at a conference in New York on Tuesday.

NEW YORK, Sept 10 (Reuters) - JPMorgan Chase & Co JPM.N lowered its outlook for 2019 net interest income to about $57 billion for the full year from $57.5 billion, Chief Executive Officer Jamie Dimon said at a conference in New York on Tuesday.

"Our (net interest income) will be a little bit lower than we told you last time," Dimon said at Barclays Financial Services Conference. "I think we told you $57.5 (billion) and I'm closer to $57 (billion) for this year."

In July, the bank had said it expected full year 2019 net interest income to be $57.5 billion.

(Reporting By Elizabeth Dilts Editing by Chris Reese)

((elizabeth.dilts@thomsonreuters.com; (646) 223-5063; Reuters Messaging: elizabeth.dilts.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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