JPMorgan Chase is set to report first-quarter earnings — here’s what the Street expects

JPMorgan Chase is set to report first-quarter earnings — here’s what the Street expects

Apr 12, 2024 by CNBC

Key Facts

  • Here’s what Wall Street expects: Earnings: $4.11 a share, according to LSEG Revenue: $41.85 billion, according to LSEG Net interest income: $23.18 billion, according to StreetAccount Trading Revenue: Fixed income of $5.19 billion and equities of $2.57 billion, according to StreetAccount JPMorgan will be watched closely for clues on how banks fared at the start of the year.
  • Analysts believe the bank can boost guidance for 2024 net interest income as the Federal Reserve is forced to maintain interest rate levels amid stubborn inflation data.
  • Analysts will also want to hear what CEO Jamie Dimon has to say about the economy and the industry’s efforts to push back against efforts to cap credit card and overdraft fees.
  • Wall Street may provide some help this quarter, with investment banking fees for the industry up 11% from a year earlier, according to Dealogic.

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