JPMorgan investor day: What to expect from the bank's forecasts
JPMorgan Chase & Co. (JPM) is hosting its annual investor day on Monday, and Wall Street will be listening intently to hear the major bank's forecasts on the US economy and tariff impacts, outlook on the company's own full-year performance, and whether CEO Jamie Dimon will comment further about any succession plans.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
JP Morgan Chase's 2025 Investor Day is underway. Some of the things we are watching, commentary on tariffs, the company's financial outlook, tech spending and succession planning. First up, how the bank is assessing the early impact of tariffs. JP Morgan saying tariffs could hurt some parts of the business, like wholesale commercial and industrial loans, depending on which industries are hit and how much of the costs could be passed on to the consumer. The firm's consumer and community banking head said consumer sentiment is worsen worsening, but it's not yet translating into changes in spending. Very interesting economic outlook there. We're also watching the firm's outlook for 2025, the bank saying no big changes, maintaining its full year net interest income forecast of $94.5 billion, essentially in line with estimates. The bank will revisit its guidance in its second quarter earnings report that comes a couple months from now. JPM says it's positioned to deliver strong returns across a range of macroeconomic conditions and the reserves reflect the current level of uncertainty. Excess capital hitting around $57 billion in the first quarter, making the firm quote positioned to protect and grow the franchise under a range of circumstances. Another thing to watch, tech spend for the year will be about 18 billion. The firm says it's helping increase efficient efficiencies, particularly from none other than AI. The firm will also revisit resist headcount growth and leverage efficiency of its current staff as well. We're also of course watching for an update on Jamie Diamond's potential retirement. Last year, Diamond said he had less than five years left and investors are eager to learn more about his succession planning. Of course, we will bring you any of those headlines as we get them.
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