JPMorgan Chase & Co. announced ahead of the investors' meeting on Monday the bank might be able to hit a key performance target this year despite its projections in January.
Net interest income (NII) excluding markets is likely to exceed $56 billion this fiscal year, according to the country's largest lender, which also stated that a return of 17% on tangible common equity remains the goal that might be attained, the United States media reported.
Previously, the bank's CFO Jeremy Barnum cautioned that rising inflation could lead the bank to miss its one- to two-year target. In premarket trade, JPMorgan shares climbed 1.7%.
