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9 months ago
BRIEF-JPMorgan sees firmwide 2016 adjusted expense to be about $56 bln
October 14, 2016 / 11:22 AM / 9 months ago

BRIEF-JPMorgan sees firmwide 2016 adjusted expense to be about $56 bln

1 Min Read

Oct 14 (Reuters) - JPMorgan Chase & Co :

* Sees firmwide Q4 net interest income to be up modestly Q-o-Q on continued strength in loan growth

* Sees firmwide 2016 adjusted expense to be about $56 billion with Q4 adjusted expense approximately flat Y-o-Y

* Sees corporate & investment bank Q4 securities services revenue to be about $875 million, market dependent

* Sees firmwide 2016 net charge-offs to be less than or equal to $4.75 billion, with Y-o-Y increase driven by both loan growth, oil & gas

* Quarterly firm NII up $700 million Y-o-Y and $250 million Q-o-Q with NIM relatively flat Q-o-Q

* Quarterly fixed income markets revenue of $4.3 billion, up 48 percent

* In corporate & investment bank, expects Q4 securities services revenue to be about $875 million, market dependent Source: bit.ly/2doPbFG Further company coverage:

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