By Senad Karaahmetovic

JPMorgan stock is almost 2% higher in pre-open Monday, following an optimistic forecast by the financial giant at Analyst Day.

JPMorgan stated that it expects its net interest income (NII), to reach $56 billion by 2022. This is an increase from January’s $50 billion forecast. The company said earlier it is looking to achieve a “couple billion” more than the $53 billion it hit in 2022.

JPM reiterated its goal of 17% ROTCE, which could be achieved as soon as this year. It also stated that it expected its investment spending will rise moderately by 2023. However, the cost outlook for 2018 was stable at $77 billion.

CET1 Ratio can be seen at 12.5% or 13.0% by the company.