BLOOMBERG  JPMorgan Chase & Co surged the most in almost 11 months after boosting its guidance for net interest income (NII) and reporting an unexpected increase in deposits. NII soared 49% in the first quarter, a bigger jump than analysts expected, and the bank said it now expects the figure to clock in at about $81 billion for this year. …

BLOOMBERG  Strength in the euro is emboldening Citigroup Inc strategists to boost their bullish call on emerging-market currencies. The euro area’s brightening outlook and the likelihood of a shallow US recession suggest a “lack of catalysts” for a stronger dollar, the Citigroup team including Dirk Willer and Luis Costa said in a report. The euro climbed to its highest level …

BLOOMBERG  China’s megabanks are planning at least 40 billion yuan ($5.8 billion) of bond sales, kicking off a major funding push to comply with global capital requirements by early 2025. Industrial & Commercial Bank of China Ltd (ICBC) and its three closest rivals are planning to tap domestic debt markets to sell a new category of total loss-absorbing capacity (TLAC) bonds …