Chase CEO Jamie Dimon attends the 7th Choose France Summit aimed at attracting foreign investors held at the Palace of Versailles on the outskirts of Paris on May 13, 2024. I look at the situation.
Lukovic Marin | Getty Images
JPMorgan Chase & Co. is scheduled to report fourth-quarter results before the opening bell on Wednesday.
Here’s what Wall Street is expecting.
Revenues: $4.11 per share, LSEGR earnings: $41.7 billion, LSEG net interest income: $23.1 billion, StreetAccount trading income: $4.42 billion in bonds, $2.37 billion in equities (as per StreetAccount)
JPMorgan’s results will be closely watched for signs that the industry’s optimism is justified.
Banks ended the year with several reasons to be bullish. Wall Street activity increased as Main Street consumers remained resilient, while Donald Trump’s election victory raised hopes for deregulation.
JPMorgan, the largest U.S. bank by assets, is expected to benefit in a number of ways.
Executives last month said they expected investment banking revenue to rise 45% in the fourth quarter and trading revenue to rise about 15%.
Additionally, the bank said its latest forecast for 2025 net interest income is $2 billion higher than its previous outlook, leading analysts to speculate that fourth-quarter NII will also exceed expectations.
Business is strong, but analysts are looking to replace CEO Jamie Dimon after CEO Daniel Pinto announced he would step down as chief operating officer in June. are likely to ask about their plans. Mr. Dimon suggested last year that he might step down as CEO within five years.
Another question is how changes in the Federal Reserve’s outlook for interest rate cuts will affect the bank’s broader operations. Fed officials expect two more rate cuts this year, but economic data could lead to a pause.
Finally, if President Trump’s regulators come up with a more moderate version of the Basel 3 end goal, as the potential candidates have advocated, analysts have warned J.P. Morgan that the expected windfall will be You may be forced to tell them what you plan to do. Mr. Dimon said last May that high stock prices would discourage buybacks, but they have only risen since then.
In addition to JPMorgan, Goldman Sachs, Wells Fargo and Citigroup will also report their quarterly and full-year results on Wednesday, and Bank of America and Morgan Stanley are also scheduled to report on Thursday.
This story is developing. Please check back for the latest information.
