How Interest Rates Are Helping—and Crimping—Banks’ Revenue
Three of the four largest banks in the U.S. together reported a mixed picture of how much money they made from interest income during the second quarter. Here were the numbers compared with the second quarter of 2024:
JPMorgan Chase: $23.3 billion, up 2%
Citigroup: $15.18 billion, up 12%
Wells Fargo: $11.7 billion, down 2%
Net interest income, or NII, measures the spread between the money a bank makes on interest-bearing assets, such as loans, and the interest it pays out. Investors and management teams closely monitor NII, because it typically drives a meaningful share of revenue.