Jamie Dimon, CEO of JPMorgan Chase & Co, arrives for a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC.
Drew Angerer | Getty Images
JPMorgan Chase is expected to report third-quarter results before the opening bell Tuesday.
Here’s what Wall Street expects:
- Earnings per share: $4.84, according to LSEG
- Income: $45.4 billion, according to LSEG
- Net interest income: $24.16 billion, according to StreetAccount
- Trading revenue: $5.3 billion in fixed income, $2.97 billion in equities, according to StreetAccount
JPMorgan will give investors insight into how U.S. consumers and businesses fared in the third quarter.
If, as analysts predict, the year’s key trends continue — robust trading revenue, a rebound in mergers and IPOs on Wall Street and a resilient consumer — the bank’s exceptional year will likely continue.
Since the start of the year, America’s largest banks have benefited from President Donald Trump’s administration.
They reaped higher trading revenues as the upheaval caused by his trade policies shook markets around the world, forcing investors to reposition themselves. Investment bankers are busier thanks to a looser stance on mergers, and Trump’s banking regulators have proposed ways to relax capital requirements and stress tests.
Additionally, stock indexes at or near record highs also bode well for banks’ wealth management divisions, including JPMorgan, Goldman Sachs And Morgan Stanley.
As a result, big banks outperformed regional lenders; the KBW Bank Index has climbed almost 15% this year, while the regional KBW Bank Index has fallen around 1%.
Goldman, Citi Group And Wells Fargo also publishes its results on Tuesday, with Bank of America And Morgan Stanley publishing the results on Wednesday.
This story is developing. Please check again for updates.