http://ift.tt/2hD6AeJ Here comes JPMorgan … (JPM)
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Thomson Reuters
JPMorgan Chase is set to announce third-quarter earnings Thursday at 6:45 a.m.
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.
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via Business Insider http://ift.tt/eKERsB
October 12, 2017 at 06:42AM