JPMorgan Chase & Co. (JPM) has raised its full-year guidance for net interest income from $90 billion to $91 billion. In addition, the bank teased additional...
) has raised its full-year guidance for net interest income from $90 billion to $91 billion. In addition, the bank teased additional stock buybacks , while also touting its use of AI throughout the company.And JP Morgan is kicking off its Investor day today, the bank raising its core guidance for net interest income.The key statistic to watch when it comes to bank earnings, they're raising that and I I number to 91 billion that is up from 90 billion.
The CFO also earlier today on that buy back statistic that I mentioned saying right now, we've got quite a bit of excess capital. That JP Morgan staffers want to be in the office for the quote delightful experience with their colleagues. Obviously, it is going to have some, some impact and maybe eliminate some positions, but really what it means in terms of productivity, ultimately, what it means in terms of those day to day responsibilities.It will take years to see the ultimate impact of this because like we have talked to analysts time and time again, we're very much in the early innings in terms of adoption.
-- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion.
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