JPMorgan Chase will report second-quarter results before the opening bell on Friday. Analysts predict the bank to report earnings per share of $4 on revenue of $38.96 billion. Recently, JPMorgan has set itself apart on numerous levels.
JPMorgan Chase will be first to report second-quarter earnings on Friday ahead of the banking industry's earnings season. Investors have seen the stock as a safe harbor during this year's market volatility. Upon the report, analysts will be closely monitoring the results for insight into the state of other lenders.Expectations are for earnings of $4 per share and revenue of $38.96 billion. Revenues from trading, investment banking and net interest income are estimated at $4.12 billion, $2.41 billion and $21.21 billion, respectively. JPMorgan has outpaced its smaller peers in deposits, funding costs and net interest income, carrying shares up 11% year-to-date and giving the stock its largest earnings-day gain in two decades when they last reported in April.The bank will be aided by its acquisition of First Republic Bank in May, which added approximately $203 billion in loans and securities and $92 billion in deposits. While JPMorgan may be cushioned from some of the headwinds that the industry is seeing, loan growth is likely to slow and higher costs for commercial real estate debt will have an impact on banks' profits. Credit loss provisions of $2.72 billion are predicted. In addition, revenues from trading and investment banking are forecasted to decline 15% from the year prior.Analysts will also be awaiting comment from CEO Jamie Dimon on the economy and banking regulations. Following JPMorgan, Wells Fargo, Citigroup, Bank of America and Morgan Stanley will all report throughout the week.
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