JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects

1 month ago 17

JPMorgan Chase CEO Jamie Dimon speaks astatine the North America's Building Trades Unions (NABTU) 2019 legislative league successful Washington, April 9, 2019.

Jeenah Moon | Reuters

JPMorgan Chase is scheduled to study first-quarter net earlier the opening doorbell connected Wednesday.

Here's what Wall Street expects:

Earnings: $3.10 per share, astir 300% higher than a twelvemonth earlier, according to Refinitiv.
Revenue: $30.52 billion, 5% higher than a twelvemonth earlier.
Net involvement margin: 1.79%, according to FactSet
Trading revenue: Fixed income $4.97 billion, equities $2.31 billion

JPMorgan Chase, the archetypal large slope to study first-quarter earnings, volition beryllium intimately watched for clues arsenic to however the manufacture volition look from the coronavirus pandemic.

One cardinal question is whether banks volition proceed to merchandise indebtedness nonaccomplishment reserves — and the magnitude of those releases — that are nary longer needed arsenic the U.S. economical betterment gains pace. In the 4th quarter, JPMorgan bushed expectations successful portion by releasing $2.9 cardinal successful reserves.  

JPMorgan, with the world's biggest Wall Street part by revenue, is besides expected to payment from robust concern banking fees driven by grounds issuance of SPACs, the blank cheque companies that saw much enactment successful the archetypal 4th than each of 2020, itself a grounds year. Trading gross is besides expected to beryllium a tailwind successful the quarter.

Analysts volition besides beryllium funny astir the gait of stock repurchases the slope is expected to make. Last month, the Federal Reserve said banks that walk the industry's 2021 accent trial volition beryllium allowed to resume higher levels of dividend payouts and buybacks starting June 30.

Shares of JPMorgan roseate 21% truthful acold this year, compared to the 25% beforehand of the KBW Bank Index.

This communicative is developing. Please cheque backmost for updates.

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