On May 13, 2024, Chase CEO Jamie Dimon attended the seventh “Choose France Summit” held at the Palace of Versailles outside Paris, aiming to attract foreign investors to France.
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JPMorgan Chase The company is scheduled to report fourth-quarter earnings before the market opens on Wednesday.
Here’s what Wall Street expected:
- Earnings per share were $4.11, according to LSEG
- Revenue: $41.7 billion, according to LSEG
- Net interest income: $23.1 billion, according to StreetAccount
- Trading revenue: $4.42 billion in fixed income and $2.37 billion in equities, according to StreetAccount
JPMorgan’s results will be closely watched for signs that industry optimism is well-founded.
The banking sector has several reasons to be bullish at the end of the year: Wall Street activity has picked up while Main Street consumers remain resilient, and Donald Trump’s election victory has raised hopes of loosening regulations.
JPMorgan Chase, the largest U.S. bank by assets, will benefit in many ways.
Last month, executives said investment banking revenue would gushing Growth in the fourth quarter was 45%, and trading revenue will grow about 15%.
Additionally, the bank said its latest forecast for 2025 net interest income is $2 billion higher than its previous guidance, leading analysts to speculate that fourth-quarter NII will also beat expectations.
When business is booming, analysts may ask the CEO Jamie Dimon In his second term as executive Daniel Pinto said he Step down June serves as chief operating officer. Dimon said last year that he might step down as CEO within five years.
Another question is how the changing outlook for rate cuts from the Federal Reserve will affect the bank’s overall business. While Fed officials expect two more rate cuts this year, economic indicators may lead them to pause.
Finally, analysts are likely to press JPMorgan on how the company plans to handle a possible windfall if it comes from Trump regulators. Milder Basel 3’s version of Endgame, as potential nominees support it. Dimon said last May that share buybacks would not occur because the stock very expensivebut they have only risen since then.
In addition to JPMorgan Chase, Goldman SachsWells Fargo and Citigroup Quarterly and full-year results will also be reported on Wednesday, while Bank of America and Morgan Stanley are due to report on Thursday.
This story is developing. Please check back for updates.
