News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Bank stocks have rebounded in recent months as strong results from lenders' retail businesses helped drive firms including J.P. Morgan to record profits.

Analysts expect J.P. Morgan earnings of $2.50 per share, a 9.1% increase from a year earlier, according to Refinitiv.The bank's fixed income desks are expected to produce $3.37 billion in revenue, compared to $1.9 billion for equities, according to FactSet.

Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018.is scheduled to report second-quarter earnings before the opening bell Tuesday.Earnings: $2.50 per share, a 9.1% increase from a year earlier, according to Refinitiv.Net Interest Margin: 2.51%, according to FactSetJ.P. Morgan, the biggest U.S.

Bank stocks have rebounded in recent months as strong results from lenders' retail businesses helped drive firms including J.P. Morgan to record profits, offsetting declining revenues from trading and other Wall Street activities., when higher interest rates helped it beat profit and revenue expectations. They'll be keen to ask executives about the impact of the Federal Reserve's looming interest rate cuts, as that could compress margins on banks' core lending businesses.

 

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

cocaine and lots of it unfortunately since Jamie just lost 20 tons of it, street will get disappointment and have to get their rocks from some other crook

Earnings beat = stock higher. Earnings miss = stock higher. Easy call

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 ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

This new business from Amazon represents a '$100 billion opportunity,' Morgan Stanley saysAmazon is expanding its empire and Morgan Stanley believes Bezos' ambitious satellite internet plan could become very lucrative. Needed to run the robotics Amazon wants to build and sell to the US government It would cost more than that to implement it. At least 10 years away even if they did. Bogus stock pumping nonsense. Don't work for Bezos, don't buy his products. Don't buy Amazon stocks OR use their services. This man is pure evil. He would kill you for a nickel. Big Brother 2.0 / 1984. Just ask Alexa. She will tell you... ;)
Source: CNBC - 🏆 12. / 72 Read more »