'JPMorgan Chase Second-Quarter Earnings Report: Anticipated Performance Revealed by Analysts'

Money | July 11, 2024, 11:53 p.m.

During an Economic Club of New York event, Jamie Dimon, the chairman and CEO of JPMorgan Chase & Co., discussed the upcoming second-quarter earnings report. The Wall Street consensus indicates earnings of $4.19 per share and revenue of $49.9 billion. Estimates also suggest net interest income of $22.8 billion and trading revenue from fixed income and equities of $4.82 billion and $2.77 billion, respectively. With economic cracks potentially beginning to surface, questions arise about consumer strain due to higher interest rates. Additionally, concerns linger regarding the succession plan at JPMorgan, as Dimon disclosed he has less than five years left in his position. As JPMorgan prepares to release its results, other major banks like Wells Fargo and Citigroup are set to follow suit. This evolving situation calls for continued monitoring for the latest updates.