Jamie Dimon, chairman and CEO of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, U.S., Tuesday, April 23, 2024.
Victor J. Blue | Bloomberg |
JPMorgan Chase is scheduled to announce its second-quarter results on Friday before the stock market opens.
This is what Wall Street expects:
- Earnings: $4.19 per share, in accordance with LSEG
- Revenue: $49.9 billion, in accordance with LSEG
- Net interest income: $22.8 billion, in accordance with StreetAccount
- Trading volume: Fixed income securities of $4.82 billion; equities of $2.77 billion, in accordance with StreetAccount
Will the cracks within the economy show up in JPMorgan Chase’s results?
While JPMorgan has recently passed quite a few stress tests – each real and hypothetical – it is feasible that higher rates of interest will put even greater pressure on the bank’s customers in the longer term.
Another open query concerns succession at JPMorgan after CEO Jamie Dimon admitted in May that he now has lower than five years left in his current role.
Wells Fargo And Citigroup The results are expected to be published on Friday. Goldman Sachs, Bank of America And Morgan Stanley Report next week.
This story is developing. Please check back later for updates.
