From Investing.com: 2024-04-12 05:13:00

Major US banks, including JP Morgan, Citigroup, and Wells Fargo, are set to release their quarterly earnings on April 12th. JP Morgan’s EPS is expected to rise by 2% to $4.18 per share, driven by a 6% increase in revenues. Citigroup’s EPS is predicted to fall by 32% to $1.27 per share, impacted by higher operating costs from restructuring. Wells Fargo’s earnings are forecasted to decline to $1.08 per share due to softness in retail banking and commercial real estate. Market participants will closely watch provisions, net interest margins, and credit conditions in the quarterly reports. (Source: Bloomberg, nasdaq.com)



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