Jamie Dimon, Chase CEO, attends the seventh “Choose France” summit, aimed at attracting foreign investors to the country, at the Palace of Versailles, outside Paris, on May 13, 2024.
Lukovic Marine | Getty Images
JPMorgan Chase It reported fourth-quarter earnings before the opening bell on Wednesday.
Here's what the company reported compared to what Wall Street analysts surveyed by LSEG expected:
- Earnings: $4.81 per share, versus $4.11 expected
- Revenues: $43.74 billion, compared to $41.73 billion expected
JPMorgan's results will be closely watched for signs that industry optimism is justified.
Banks ended the year with several reasons to be bullish: Wall Street activity rebounded at the same time that Main Street consumers remained resilient, while Donald Trump's election victory raised hopes for regulatory relief.
JPMorgan, the largest US bank by assets, is expected to benefit on several fronts.
Last month, executives said investment banking revenues would rise leap 45% in the fourth quarter, and trading revenues will jump by about 15%.
Furthermore, the bank said its latest forecast for 2025 net interest income was $2 billion higher than previous guidance, leading analysts to speculate that fourth-quarter net interest income will also exceed expectations.
As the business booms, analysts are more likely to ask the CEO Jamie Damon On his succession planning after No. 2 CEO Daniel Pinto said he was Step down As chief operating officer in June. Dimon indicated last year that he would likely step down as CEO within five years.
Another question is how changing expectations of Fed rate cuts will impact the bank across its overall operations. While Fed officials expect two additional cuts this year, economic indicators may prompt them to do so Stop.
Finally, analysts may press JPMorgan on what it intends to do with potential capital gains if Trump-era regulators deliver a decision. Kinder Basel 3 Endgame release, also supported by potential candidates. Dimon said last May that share buybacks would be weak because of the stock It was expensivebut they have only gone up since then.
In addition to JP Morgan, Goldman SachsWells Fargo and Citigroup Quarterly and full-year results will also be announced on Wednesday Bank of America Morgan Stanley is scheduled to report on Thursday.
This story is evolving. Please check back for updates.
