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

Wall Street analysts expect earnings per share of $3.96 and revenue of $39.65 billion, according to LSEG, formerly known as Refinitiv.While the biggest U.S. bank by assets has navigated volatile rates adeptly so far this year, the situation has caught several peers off guard, including a trio of midsized lenders that collapsed after deposit runs.

One basis point equals one-hundredth of a percentage point.Higher rates hit banks in several ways. The industry has been forced to pay up for deposits as customers shift holdings into higher-yielding instruments like money market funds. Rising yields mean the bonds owned by banks fall in value, creating unrealized losses that pressure capital levels. And higher borrowing costs tamp down demand for mortgages and corporate loans.

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