San Diego Union-Tribune

JPMORGAN RAISES OUTLOOK:

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JPMorgan Chase, the nation’s biggest bank, expects to cash in, even as the global economic outlook has grown more gloomy because of threats, including inflation and the war in Ukraine. At a company investor day event Monday, bank officials predicted that JPMorgan would meet or exceed its financial targets earlier than expected because of rising interest rates and increasing demand for loans. It lifted its yearly outlook for net interest income to $56 billion.

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