JPMorgan Chase CEO Jamie Dimon arrives for a hearing of the Senate Banking, Housing and Urban Affairs Committee at the Capitol on September 22, 2022 in Washington, DC.
Drew Angerer | Getty Images
JPMorgan Chase & Co. is scheduled to report third-quarter results before the opening bell on Tuesday.
Here’s what Wall Street is expecting.
Earnings per share: $4.84 (as per LSEGR) Revenue: $45.4 billion (as per LSEG) Net interest income: $24.16 billion (as per StreetAccount) Trading income: $5.3 billion in bonds, $2.97 billion in equity (as per StreetAccount)
JPMorgan will provide investors with its view on how U.S. consumers and businesses fared in the third quarter.
The bank’s bumper year is likely to continue if this year’s key trends continue, as analysts expect: strong trading revenues, rebound momentum from Wall Street mergers and IPOs, and resilient consumers.
So far this year, big U.S. banks have benefited under President Donald Trump’s administration.
They are reaping higher trading income as his trade policies disrupt markets around the world and force investors to change their stance. The accommodative stance on mergers has kept investment bankers busy, and the Trump administration’s banking regulators are proposing ways to ease capital requirements and stress tests.
Additionally, stock market indexes at or near record levels also bode well for the wealth management units of banks such as JPMorgan, Goldman Sachs and Morgan Stanley.
As a result, large banks outperformed regional financial institutions. The KBW Bank Index is up nearly 15% this year, while the KBW Regional Bank Index is down about 1%.
Goldman, Citigroup and Wells Fargo will also report results on Tuesday, while Bank of America and Morgan Stanley will report results on Wednesday.
This story is developing. Please check back for the latest information.
