JPMorgan Chase and Company CEO Jamie Dimon will speak at the Bloomberg Global Business Forum on Wednesday, September 25, 2019 in New York, USA.
Tiffany Hagler-Geard | Bloomberg | Getty Images
JP Morgan Chase We plan to report third quarter earnings before Wednesday’s opening bell
Here’s what Wall Street expects:
- Revenue: $ 3 per share, up 2.6% year-on-year according to Refinitiv
- Revenue: $ 29.8 billion, down 0.6% year-on-year
- Net Interest Revenue: $ 12.98 billion on a reported basis, according to the Street Account.
- Trading income: $ 3.73 billion in fixed income, $ 2.16 billion in equity
- Investment Banking Fees: $ 2.75 billion
JP Morgan Chase, the first major bank to report third-quarter earnings, Inflection point With weak loan growth in the industry.
Consumers and businesses Flash with cash This year, thanks to government stimulus, we were able to repay our credit card balances and reduce our commercial loans.That prompted the CEO Jamie Dimon Loan demand is called “challenging” in April.
Another area of interest is the company’s Wall Street trading and advisory division. For most of the pandemic and booming transactions, the issuance and merger of IPOs incurred high fees for JP Morgan’s investment banks.
This is expected to ease in the third quarter.Last month, JP Morgan executive Marianne Lake said trading revenue 10% lower It was an unusually strong quarter than it was a year ago.
Dimon may be asked about a bank’s acquisition strategy after a series of recent transactions.Last month, the bank acquired restaurant review service Infatuation and a university plan. platform Frank.It lasted three Acquisition Number of FinTech start-ups in the last year.
JP Morgan’s share rose 31% this year, following a 38% rise in the KBW Bank Index.
This story is developing. Please check for updates.
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