Jamie Dimon, CEO of Chase, attends the seventh “Choose France” summit, aimed at attracting foreign investors to the country, at the Palace of Versailles, outside Paris, on May 13, 2024.
Lukovic Marine | Getty Images
JPMorgan Chase It is scheduled to report third-quarter earnings before the opening bell on Friday.
Here's what Wall Street expects:
Earnings: $4.01 per share, according to LSEG Revenue: $41.63 billion, according to LSEGNet Interest income: $22.73 billion, according to StreetAccountTrading Revenue: Fixed income $4.38 billion, stocks $2.41 billion, according to StreetAccount
JPMorgan will be closely watched for clues about how banks are performing at the start of the Fed's monetary easing cycle.
The largest U.S. bank has thrived in the high-interest-rate environment, posting record net income numbers since the Federal Reserve began raising interest rates in 2022.
Now, with the Federal Reserve cutting interest rates, there are questions about how JPMorgan will handle this change. Like other big banks, its margins may come under pressure as yields on interest-bearing assets such as loans fall faster than their funding costs.
Last month, JPMorgan cut its forecast for net interest income and expenses for 2025, and analysts will want more details on those forecasts.
Analysts will also want to hear JPMorgan CEO Jamie Dimon's thoughts on the upcoming US election and the industry's efforts to respond to a raft of regulatory moves to rein in fees and force banks to hold more capital.
JPMorgan shares have jumped 25% this year, outpacing the KBW Bank Index's 20% gain.
Wells Fargo The results are scheduled to be announced later Friday Bank of America, Goldman Sachs, Citigroup and Morgan Stanley Report next week.
This story is evolving. Please check back for updates.