Wall Street Banks May Redo Key Profit Guides on Fed Cut Path.

Wall Street banks are expected to revise their forecasts for earnings from lending as the market predicts fewer interest rate cuts than previously anticipated. Analysts believe that some larger banks, such as JPMorgan Chase and Wells Fargo, will increase their guidance for net interest income. The Federal Reserve's rapid rate hikes boosted the revenue of banks last year, but higher rates caused difficulties for regional lenders. While some banks may revise their outlook, there is uncertainty due to the fluctuating rate picture. [Extracted from the article]

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