JPMorgan Chase CFO: Net interest income expected to be slightly higher in Q2 or "slightly raised" full-year outlook.

Jeremy Barnum, Chief Financial Officer of JPMorgan Chase (JPM.US), stated that the bank's outlook for Net Interest Income (NII) "may be slightly improved from the first quarter earnings report." According to an investor report released on Monday, the largest bank in the United States expects full-year net interest income to be around $94.5 billion in 2025, which is in line with last month's expectations. However, Barnum stated that the company will reassess formal guidance before announcing second-quarter earnings in July. Barnum said, "We believe that full-year performance in 2025 may be slightly better, perhaps with an increase of $1 billion. However, the yield curve has recently shown significant volatility, and we hope to see the market stabilize before refining our forecasts." The bank and its Wall Street peers are on alert for potential chain reactions from President Donald Trump's imposition of tariffs on dozens of countries, which have already caused market turmoil. JPMorgan Chase noted in the report that the impact of tariffs on its commercial and industrial investment portfolios "will depend on the specific dynamics of industries and companies, as well as the extent to which costs can be passed on to consumers." Last week, CEO Jamie Dimon stated that as the impact of tariffs continues to affect the global economy, an economic recession is still possible. He expects market volatility to persist, with JPMorgan Chase's trading volume remaining high as a result. The bank's stock traders set a revenue record in the first quarter due to chaotic market fluctuations, even before the tariff policies on April 2 and subsequent suspension measures. Analysts predict that the bank's total trading revenue in the second quarter will continue to increase year-over-year. Barnum also mentioned on Monday that while JPMorgan Chase is focused on organic growth, potential acquisitions are always on the table for consideration. He stated that the bank is also controlling the growth in the number of employees, focusing instead on existing staff. The bank stated in the report, "We have asked management to leverage existing business layouts efficiently to support new business growth."