JP Morgan Chase is set to report fourth-quarter earnings – here's what the Street expects

  • 📰 CNBC
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

J.P. Morgan, the biggest U.S. bank by assets, is the first major lender to report earnings.

The company is closely watched by investors looking for clues into how the industry's Wall Street and Main Street businesses fared in the quarter.

J.P. Morgan CFO Jennifer Piepszak said trading revenue was "meaningfully" higher in the fourth quarter versus a year ago. The rebound comes from the industry's' fixed-income trading operations, projected to rise 25% on average, versus a 3% bump in stock trading revenue, KBW analyst Brian Kleinhanzl wrote last month., outpacing the broader stock indices in the fourth quarter as investors rushed into an under-owned sector. J.P.

But banks may face pressure this year as interest rates stay low or are even slashed further. The Federal Reserve cut its benchmark rates for the third time in October, and that pressures net interest income, or the revenue that banks garner from collecting loan payments, minus the interest it pays to depositors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JPMORGAN CHASE REPORTS RECORD FOURTH-QUARTER 2019 NET INCOME OF $8.5 BILLION, OR $2.57 PER SHARE RECORD FULL-YEAR 2019 NET INCOME OF $36.4 BILLION, OR $10.72 PER SHARE Presentation Supplement $JPM

I'm buying more $GRNF

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Verily CEO Andy Conrad's J.P. Morgan 2020 presentation to investors - Business InsiderVerily just presented for the first time at JPMorgan's big health conference. Here's how the CEO of Alphabet's life sciences firm laid out the unusual business to top investors.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wall Street hits record, boosted by trade and earnings optimismApple, Alphabet and other tech favorites propelled Wall Street to record highs o... Boosted by trillions pumped in by the Fed. Yeah!!! We can all go buy ourselves lots of..... nothing. Three jobs and no money. But hey Wall Street is up. Bread and water for dinner but Wall Streets up. Time to get another job. And US budget deficit in Q1 highest in 9 years
Source: Reuters - 🏆 2. / 97 Read more »

Bank Stocks Had a Bonanza in 2019. Earnings Will Be More Blah.Falling interest rates were a mixed bag for big U.S. banks last year. That should be evident when they report fourth-quarter earnings this week. Here’s what you need to know. And record Banks REPO overnight Market BAILOUT too !!! FEDERAL RESERVE ADMITS IT PUMPED MORE THAN $6 TRILLION Dollars TO WALL STREET IN RECENT SIX WEEK PERIOD Ends today, January 14th, 2020 Built on Overdraft fees. Milking the poor = Good business.
Source: WSJ - 🏆 98. / 63 Read more »