Sonali Basak: JPMorgan expects net interest income to reach $107 billion next year

Sonali Basak: JPMorgan expects net interest income to reach $107 billion next year
JPMorgan forecasts $107 billion net interest income

JPMorgan said its net interest income (NII) is set to expand by almost $10 billion next year, reaching about $107 billion. Sonali Basak reported that JPMorgan, Citi, and Wells Fargo recently set a record quarter for NII, emphasizing the ongoing strength in their net interest earnings.

Earlier this week, Sonali Basak reported that all 11 S&P 500 sectors are projected to see positive EPS growth, marking the widest gains since the pandemic period (link). She also noted that the U.S. Treasury raised $39 billion in its 10-year auction at a 5.3 percent yield, a multi-decade high (link). These developments come as major banks highlight strong net interest income.

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