From CNBC: 2024-04-12 00:01:01

JPMorgan Chase is set to release first-quarter earnings with Wall Street expecting earnings of $4.11 per share and revenue of $41.85 billion. Analysts anticipate large banks like JPMorgan to outperform smaller competitors due to high interest rates. CEO Jamie Dimon’s insights on the industry and economy will be closely watched.

The banking industry faces challenges such as squeezed margins, rising losses from commercial loans, and higher defaults on credit cards. JPMorgan’s ability to navigate these challenges will be key in determining its performance this quarter. Investment banking fees have increased by 11% for the industry compared to the previous year.

Shares of JPMorgan have increased by 15% this year, surpassing the KBW Bank Index’s gain of 3.9%. Wells Fargo, Citigroup, Goldman Sachs, Bank of America, and Morgan Stanley are among the other banks set to report earnings in the coming days. The market will closely monitor updates and insights from these reports.



Read more at CNBC:: JPMorgan Chase (JPM) earnings Q1 2024