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JPMorgan sees FY NII ex. Markets $90B

Sees FY25 NII ex. Markets about $90B. Sees FY Markets NII about $4.5B, with firmwide NII about $94.5B. Says 2025 expense outlook is unchanged at about $95B. Sees technology expense about $18B. Sees balance sheet growth partially offsetting lower rates. Comments taken from the company’s Investor Day presentation slides.

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