Wall Street Today | Market Flat Tuesday While JPM Falls
JPMorgan Shares Tumble After COO Throws Cold Water On Analyst Outlook
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The stock price of Xiaomo has experienced its largest single-day decline in four years. The CEO reveals that income forecasts are unreliable.
①Citi's President and Chief Operating Officer, Plank, stated at an industry conference that external analysts are overly optimistic about next year's spending and net interest income in the industry; ②Due to the high interest rates of the central bank last year, the net interest income of the four major banks in the USA hit record highs. However, with the possibility of multiple interest rate cuts by the Federal Reserve in the coming months, Plank said that this favorable factor is diminishing.
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