Says headwinds to economy “substantial and somewhat unprecedented.” Says impossible to predict a hard or soft landing. Says higher capital requirements “great news” for non-banks. Expects deposit growth to “modestly decline” in 2H23.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on JPM:
- Attention Dividend Investors — DGRO ETF’s 2.4% Yield is More Than Meets the Eye
- JPMorgan says settlement process with FDIC for First Republic deal on schedule
- JP Morgan (NYSE: JPM) Up after Robust Q2 Results
- JPMorgan reports Q2 ROE 20%, ROTCE 25%
- JPMorgan reports Q2 adjusted EPS $4.37, consensus $3.99