​JPMorgan Tumbles After Bank’s President Says Analysts Are “Too Optimistic” – Tyler Durden

JPMorgan Tumbles After Bank’s President Says Analysts Are “Too Optimistic” The stock of the largest US bank is tumbling this morning after Daniel Pinto, JPMorgan’s president, said that analysts were too optimistic in projecting next year’s expenses and net interest income, sending the shares down more than 6%, and tumbling to 1 month lows.. The current NII estimate of $89.5 billion is “not very reasonable” given interest-rate expectations, Pinto said at the Barclays annual financial services conference Tuesday. The figure “will be lower,” he said, which is surprising because the bank’s own latest outlook just two months ago forecast $91…  — Continue at ZeroHedge News : Read More