JPMorgan Raises 2022 Interest Income Outlook Ahead of Investor Conference

JPMorgan Raises 2022 Interest Income Outlook Ahead of Investor Conference
The exterior of the JP Morgan Chase & Co. corporate headquarters in New York on May 20, 2015. Mike Segar/Reuters
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JPMorgan Chase & Co. presented a more optimistic profit forecast on Monday as it opened an investor conference to relieve worries that the biggest U.S. bank by assets might be starting to lose its edge.

Investors are keeping an eye on the prospects for banks to increase their net interest income, or the difference between income from loans and interest paid on deposits and other funds, as they benefit from higher interest rates.