JPM Investor Day Conference: Q2 IB Fees to Dip, 2025 NII May Rise by $1B

At the Investor Day conference yesterday, JPMorgan (JPM) CEO Jamie Dimon noted that the full impact of Trump’s tariffs is yet to be fully understood, and even at the current levels (a baseline reciprocal tariff of 10% remains in place across the board), these remain steep. This is likely to hurt the economy, with a risk of higher inflation.On similar lines, Troy Rohrbaugh, co-CEO of the Commercial & Investment Bank (CIB) segment, noted that economic uncertainty is expected to hurt JPM’s investment banking ( ...