JPMorgan Chase said in its annual report that it expects its Q1 net interest income to be flat compared with the prior quarter. Firmwide adjusted expense for the first-quarter 2019 is expected to be up mid-single digits compared with the first quarter of 2018. Markets revenue for the first-quarter 2019 is expected to be lower when compared with the prior-year quarter by high teens percentage points on a reported basis, and by low double-digit percentage points excluding the impact of the recognition and measurement accounting standard in the first quarter of 2018, depending on market conditions. Management expects full-year 2019 net interest income, on a managed basis, to be in excess of $58B, reflecting the annualized impact of 2018 interest rate increases, as well as expected loan and deposit growth. The Firm takes a disciplined approach to managing its expenses, while investing for growth and innovation. As a result, management expects Firmwide adjusted expense for the full-year 2019 to be less than $66B. The Firm continues to experience charge-off rates at very low levels, reflecting favorable credit trends across the consumer and wholesale portfolios. Management expects full-year 2019 net charge-offs to be less than $5.5B, higher than 2018, driven by growth.