Rates to Aid JPMorgan (JPM) Q1 Earnings, Weak Trading to Hurt

JPMorgan (JPM) , slated to kick-start first-quarter 2024 earnings with other major industry players on Friday, Apr 12, is likely to have witnessed modest gains from high interest rates. As the Federal Reserve kept the interest rates steady during the quarter (at a 22-year high of 5.25-5.5%), the company is less likely to have recorded significant improvement in net interest income (NII).Also, the inverted yield curve in the March-ended quarter and high funding costs are expected to have weighed on NII.Howev ...