Here's what Wall Street expects: Earnings: $1.04 per share, a 63% decline from a year earlier, according to Refinitiv.Trading revenue: Fixed income $5.84 billion, equities $2.07 billionGiulia Marchi | Bloomberg | Getty ImagesHere's what Wall Street expects:Revenue: $30.3 billion, 2.5% higher than a year earlier.Trading revenue: Fixed income $5.84 billion, equities $2.07 billion
The key question investors have is whether the second quarter will represent the nadir for bank profits this year: Big banks are expected to show the largest loan loss provision for any quarter since the financial crisis because of the pandemic, according to analyst Jason Goldberg of Barclays. A bright spot for the industry has been trading, which has benefited from surging volatility and the Federal Reserve's unprecedented actions to prop up credit markets. At JPMorgan, the bank's trading division was headed for a revenue increase of more than 50% compared with the year earlier, co-President Daniel Pinto said in late May.
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