JPMorgan Chase shares drop nearly 7% after bank tempers guidance on net interest income

Key Points

JPMorgan Chase shares fell 7% Tuesday after the bank’s president told analysts that expectations for net interest income were too optimistic.
The current estimate for NII — one of the main ways that banks earn money — of $89.5 billion is too high given expectations for interest rates, JPMorgan president Daniel Pinto told an audience at a financial conference.
The move was the New York-based bank’s worst drop since June 2020, according to FactSet.

Source

Finance

Stocks making the biggest moves premarket: Nvidia, Super Micro, American Eagle Outfitters, UnitedHealth and more

May 14, 2025

Check out the companies making headlines before the bell. American Eagle Outfitters — The retailer tumbled 11% in early trading. American Eagle on Tuesday withdrew its 2025 guidance “due to macro uncertainty.” The company, faced with slow sales and steep discounting, also took $75 million in write-offs related to spring and summer merchandise. Super Micro […]

Stock and crypto trading site eToro prices IPO at per share ahead of Nasdaq debut

Finance

Stock and crypto trading site eToro prices IPO at $52 per share ahead of Nasdaq debut

May 13, 2025

Key Points Israel-based stock brokerage platform eToro said it has priced shares at $52 for its IPO, above its expected range of $46 to $50. The retail trading platform filed for an IPO in March, but as tariff uncertainty rattled markets, the company temporarily shelved ITS plans. EToro scrapped a prior effort to go public […]

Finance

Stocks making the biggest moves midday: Nvidia, Boeing, Coinbase, First Solar and more

May 13, 2025

Check out the companies making the biggest moves midday: Nvidia — The chipmaker jumped 6% following the announcement it will sell more than 18,000 of its artificial intelligence chips to Saudi Arabian company Humain to be used in the latter’s 500 megawatt data center. UnitedHealth Group — The insurance stock tumbled 16% to trade at […]