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JPMorgan president Daniel PintoCNBC
•78% Informative
JPMorgan Chase shares fall 7% Tuesday after the bank's president said expectations for net interest income in 2025 were too optimistic.
The current estimate for NII is too high given expectations for interest rates, Daniel Pinto said.
The move was the New York -based bank's worst drop since June 2020, FactSet says.
NII , one of the main ways banks make money, is the difference in the cost of deposits and what it earns by lending money.
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