The shares of JPMorgan Chase fell by more than 5% on Tuesday after the president of the largest US bank, Daniel Pinto, warned against overly optimistic profit expectations of investors for the coming year. This statement triggered selling pressure on US bank stocks, including Goldman Sachs and Citigroup.

At an industry conference organized by Barclays, Pinto stated that analysts' estimates for net interest income (NII) in 2025 are too high. According to consensus forecasts, the NII is expected to decrease from $91.5 billion to $90 billion. Pinto rejected this as unrealistic and explained that interest rate expectations have been lowered by 250 basis points, which will have a greater impact on income. "This figure is somewhat too high," emphasized Pinto.

Here's the translation of the given heading to English:

"JPMorgan shares closed down 5.2% after falling as much as 7% earlier, which would have marked the biggest one-day loss since June 2020. Goldman Sachs shares also fell 4.4%, and Citigroup recorded a decline of 2.7%.

The heading translates to English as:
"Although Pinto did not provide a specific new forecast for the NII, he warned that the consensus does not adequately account for the impact of expected interest rate cuts by the US Federal Reserve. While interest rate cuts could reduce the pressure on the repricing of deposits, JPMorgan is highly interest-dependent, Pinto continued.

The decline in stock prices overshadowed positive developments, such as the success of major US banks in combating stricter capital requirements by regulatory authorities. JPMorgan greatly benefited from the Fed's interest rate hikes in recent years but was now unable to meet less optimistic expectations.

In summary, the banks face a difficult time, where declining margins and uncertainties about future interest rates could pressure profits.