Here comes JPMorgan ...
Advertisement
Thomson Reuters
Advertisement
Wall Street estimates the firm will announce earnings of $1.645 per share on a GAAP basis, down from $1.83 the previous quarter.
Here's what else analysts are expecting:
- Revenues of $25.6 billion, down slightly from $25.76 billion in the second quarter.
- Net income of $5.9 billion on a GAAP basis, up from $6.55 billion in the second quarter.
- A hit to trading: Jamie Dimon said in September that trading revenues could drop 20%.
JPMorgan is kicking off the earnings cycle for US banks, which have for weeks been preparing investors for a blow to trading results.
Analysts are also expecting total loan growth to have stalled amid economic and political uncertainty.
Advertisement
Advertisement
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*
- 8 Lesser-known places to explore in Himachal Pradesh
- Markets end FY24 on buoyant note amid positive global cues
- SRM Contractors IPO allotment – How to check allotment, GMP, listing date and more
- Rupee falls 6 paise to settle at 83.39 against US dollar