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JPMorgan expects first-quarter net interest income to be flat

JPMorgan expects first-quarter net interest income to be flat
A woman passes by a Chase bank in Times Square in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid   -   Copyright  BRENDAN MCDERMID(Reuters)
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(Reuters) – JPMorgan Chase & Co said on Thursday its first-quarter net interest income will likely be flat compared with the prior quarter.

The Wall Street bank also said http://bit.ly/2ONfQgj in its annual report that it expected adjusted expense in the first quarter to be up by “mid-single” digit percentage compared with the year-ago quarter.

The bank will report its first-quarter results on April 12.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Arun Koyyur)

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