Shares of JPMorgan Chase fell 7 percent after the bank tempered guidance on net interest income

JPMorgan Chase Shares fell 7% on Tuesday after the bank’s chairman told analysts that expectations for net interest income in 2025 were too optimistic.

The current estimate for NII — one of the main ways banks make money — of about $90 billion is too high given expectations for lower interest rates, JPMorgan Chairman Daniel Pinto said on a financial conference call .

The figure “will be lower,” he said.

The move was the New York-based bank’s biggest decline since June 2020, according to FactSet.

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