(Boursier.com) — JP Morgan Chase is at an all-time high on Wall Street, after a gain of 19% this year and a jump of 48% over 12 months. Jamie Dimon’s banking group, a major beneficiary of last year’s regional banking crisis, has just raised its net interest income forecast to $91 billion at an investors’ meeting, compared to $89 billion. dollars in April and 88 billion dollars previously – excluding the markets division. Net interest income is the difference between the amount of interest banks earn on loans and the amount they pay to depositors. JP Morgan notably acquired billions in loans last year by absorbing First Republic Bank, an operation which visibly fueled the performance of net interest income. The group played a crucial role in resolving the US regional banking crisis.
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