JPMorgan Chase to Report Fourth-Quarter Earnings - Street Expectations
- JPMorgan Chase reports fourth-quarter earnings before the bell Wednesday.
- LSEG's analysts predict earnings per share of $4.11 and revenue of $41.7 billion.
- JPM executives will hold an investor call at 8:30 a.m. ET.
is scheduled to report fourth-quarter earnings before the opening bell Wednesday.
Here's what Wall Street expects:
- Earnings: $4.11 a share, according to LSEG
- Revenue: $41.7 billion, according to LSEG
- Net interest income: $23.1 billion, according to StreetAccount
- According to StreetAccount, the company's fixed income revenue is $4.42 billion, and its equities revenue is $2.37 billion.
The banking industry will closely monitor JPMorgan's results to determine if there is reason for optimism.
Despite the election victory of Donald Trump, banks ended the year with several reasons to be bullish due to increased Wall Street activity and resilient Main Street consumers.
Several fronts stand to benefit JPMorgan, the largest American bank in terms of assets.
In the fourth quarter, executives predicted that investment banking revenue would increase by 45%, while trading revenue would experience a growth of approximately 15%.
The bank announced that its latest projection for 2025 net interest income is $2 billion higher than its previous guidance, causing analysts to speculate that fourth quarter NII will also surpass expectations.
As the business continues to flourish, it is likely that analysts will inquire about CEO Jamie Dimon's succession plan after his second-in-command, Daniel Pinto, announced his departure as chief operating officer in June. Last year, Dimon hinted that he may step down as CEO within the next five years.
What is the impact of the changing outlook for Federal Reserve rate cuts on the bank's operations? While Fed officials anticipate two more cuts this year, economic indicators may cause them to pause.
If Trump regulators present a gentler version of the Basel 3 Endgame, JPMorgan may face pressure from analysts on how it plans to use any potential windfall of capital. Despite Dimon stating last May that share buybacks would be muted due to the stock's high price, they have only increased since.
On Wednesday, besides JPMorgan, Wells Fargo and are also set to release their quarterly and full-year results. On Thursday, it is and Morgan Stanley's turn to report.
This story is developing. Please check back for updates.
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