01:01 PM EDT, 09/10/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) shares slid 6.7% in recent Tuesday trading after Chief Operating Officer Daniel Pinto said that expectations for its 2025 net interest income "are a bit too high," according to a Capital IQ transcript.

At the Barclays annual financial services conference Tuesday, Pinto noted that the analyst consensus is for NII to decrease to $90 billion in 2025.

"That is not very reasonable because the rate expectation is lower by 250 basis points. So I think that, that number will be lower," Pinto said, according to the transcript. "We are not going to guide on that now, but the $90 billion is a bit too high."

The bank earlier projected NII of about $91 billion for 2024, excluding the markets unit.

Price: 202.28, Change: -14.53, Percent Change: -6.70