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JPMorgan expects NII run rate ‘substantially lower’ at some point
The Fly

JPMorgan expects NII run rate ‘substantially lower’ at some point

Says current NII run rate “not sustainable.” Says “very confident” in company’s ability to produce returns in current cycle. Says company has been “over-earning” on credit for a “substantial period.” Says still some headwinds in M&A. Expects “reasonably robust” card loan growth. Says consumer “continues to surprise on the upside.”

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