From CNBC:

In December 6, 2023, Jamie Dimon, CEO of JPMorgan Chase, testified during the Senate Banking, Housing and Urban Affairs Committee hearing on Wall Street firms’ annual oversight.

JPMorgan Chase is set to report its fourth-quarter earnings before the opening bell on Friday, with expectations for earnings per share at $3.32, revenue at $39.78 billion, and net interest income at $22.98 billion on an FTE basis.

Amid volatile interest rates and rising loan losses, JPMorgan will be closely watched for indications of how banks fared. The industry has faced challenges such as squeezed profits and concerns about rising losses from commercial loans and credit card defaults.

Analysts are also eager to hear CEO Jamie Dimon’s insights on the economy and banks’ efforts to manage expected increases in capital requirements. Additionally, Wall Street may provide some support this quarter, with investment banking revenue higher than a year earlier.

JPMorgan shares had a strong showing last year, jumping 27% and outperforming its big bank peers. Bank of America, Wells Fargo, and Citigroup are scheduled to release their results later on Friday, while Goldman Sachs and Morgan Stanley will report on Tuesday. This story is developing; please check back for updates.



Read more: JPMorgan Chase (JPM) earnings Q4 2023