Business & Finance

Reuters ahead in reporting JPMorgan cuts outlook for net interest income

Reuters was four minutes ahead on Sept. 15 with JP Morgan lowering guidance for net interest income. Following similarly bleak news from other big banks at a virtual investor conference, JP Morgan CFO Jennifer Piepszak said slack demand is weighing on the lending business.

Market Impact

The big bank blue-chip sank more than 2% on the news.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters News First
Sectors: Equities
Regions: North America
Win Types: Speed
Media Types: Text
Sign up for email updates

Sign up for email updates