JPMorgan Chase's report before the bell Friday could kick off the first-quarter earnings season on a positive note, according to Wall Street analysts. The banking giant is expected to report earnings of $4.15 per share and $41.84 billion in revenue, according to LSEG. Many analysts also anticipate an upward revision to net interest income guidance, with the firm already forecasting $90 billion for the full year.
"Management has already alluded to JPM being asset sensitive, saying at a recent industry conference that at the margin, cuts coming out of the forward curve would be a tailwind to this year's revenues," Graseck wrote. Goldman Sachs analyst Richard Ramsden also highlighted JPMorgan as one of its most constructive buy-rated names, due in part to its conservative net interest income projections for 2024 based on muted deposit beta and loan growth estimates.
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