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JPMorgan (JPM, Financial) Chase nudged up its 2025 net interest income forecast after a Q2 in which revenue and EPS beat expectations even as managed NII fell just shy of consensus.
The new guidance calls for about $95.5 billion in NII next year, up from $94.5 billion, powered by a loan book that swelled to $1.41 trillion and deposits of $2.56 trillion. Markets and Wealth Management each delivered double-digit year-over-year growth, keeping total revenue and EPS on the upside.
Holding return on tangible common equity near 21 percent in a volatile rate setting shows how diversified streams and tight cost control can offset margin headwinds. That resilience gives investors confidence in JPMorgan's ability to navigate tough conditions.
Shares dipped slightly after the release, but with upgraded guidance and solid lending momentum, JPMorgan looks poised to maintain its lead even if trading income faces pressure
