JPMorgan has changed its previous remarks about Analysts being overly optimistic, stating that the bank now expects next year's net interest income to exceed expectations.

Marianne Lake, head of JPMorgan's Consumer and Community Business, stated at a financial services conference hosted by Goldman Sachs on Tuesday that this key revenue could be about 2 billion dollars higher than the current estimate.

Lake mentioned that when the company releases its third-quarter results, Chief Financial Officer Jeremy Barnum referred to the consensus expectation of 87 billion dollars in net interest income for 2025 as being a bit too high. She said, "The situation has changed. The interest rate outlook for 2025 has strengthened, averaging about 40 basis points higher than it was back then. The consensus expectation has slightly decreased, differing little from 87 billion dollars." She indicated that the bank currently expects next year's net interest income to be about 2 billion dollars higher than this expectation.

Earlier on Tuesday, Citigroup's Chief Financial Officer Mark Mason stated that Citigroup's net interest income is also better than expected this year. The bank expects revenues to reach the upper end of the forecast range of 80 billion to 81 billion dollars for 2024.

Lake also stated that fourth-quarter investment banking fee revenues could grow by about 45% year-on-year, which is also better than current expectations from Analysts, and that fourth-quarter Trade revenues could increase by around 15% or more.

Lake indicated that next year's expenses are expected to be about 1 billion dollars higher than the current Analyst estimate of 94.3 billion dollars.