The US bank JPMorgan expects higher interest income this year due to the persistently high level of interest rates. On the occasion of an investor event on Monday, the largest US financial institution announced that the net interest income for the year is now likely to be around 91 billion US dollars (83.7 billion euros). Previously, bank CEO Jamie Dimon had targeted around 90 billion dollars.

Reason for the increased forecast is the lack of any indication from the US Federal Reserve about a possible reduction in key interest rates. Experts currently expect two interest rate cuts this year, starting in late summer, to counteract the notoriously high inflation. Despite these positive expectations, the JPMorgan stock is down 0.18 percent on the NYSE, trading at 204.42 US dollars.

Parallel to the increased interest income, the bank also expects higher total costs than previously assumed. Adjusted for special items, these are now expected to be around 92 billion dollars, which is one billion more than most recently estimated. One of the reasons for this is a donation of one billion dollars to the group's own foundation, which JPMorgan had announced at the beginning of the month.

Apart from the interest business, JPMorgan also generates revenues in other areas such as investment banking and asset management. Last year, the total revenues of the New York institution amounted to 162 billion dollars.

Due to its solid financial cushion, the bank sees room for increased share buybacks but remains cautious. "Higher requirements for holding capital would take effect from the third quarter of 2025," it was said in a company presentation.

These developments show that JPMorgan is still able to generate stable returns and strengthen its financial position despite challenges in the market environment.