Jamie Dimon, CEO of JP Morgan, listens when introduced at the Boston College CEO’s Club Luncheon on November 23, 2021 in Boston, Massachusetts, USA.
Brian Snyder | Reuters
JPMorgan Chase We plan to report fourth quarter earnings before the opening bell on Friday.
What Wall Street expects is:
- Revenue: $ 3.01 per share, 21% lower than last year, according to Refinitiv.
- Revenue: $ 29.9 billion, down 0.9% from the previous year.
- Net Interest Income: $ 13.45 billion according to FactSet
- Trading income: $ 3.4 billion in fixed income, $ 2 billion in equity
- Investment banking fees: $ 3.22 billion
JPMorgan Chase, the first major bank to report fourth-quarter earnings, is closely watching for signs of expected lending recovery.
However, analysts point out a recovery in the fourth quarter, driven by demand from businesses and credit card borrowers. They would want it to show up in the results of JP Morgan. That’s because, along with the expected rate hike in the Federal Reserve, it’s two major drivers of industry profitability.
Analysts may also ask banks about the impact of recent decisions to reduce overdraft fees. JP Morgan Said Last month it was said that customers would be given a grace period to avoid disciplinary charges, but along with other changes, there are moves to “insignificant” damage to revenue.
JP Morgan Chief Operating Officer Daniel Pinto said at a meeting last month that trading revenues for the fourth quarter were 10% drop, Driven by a drop in bond activity from record levels. To offset that, he said, would expect a 35% surge in investment banking fees.
Banks were forced to pay $ 200 million The Wall Street department fined last month to resolve allegations that allowed workers to use messaging apps to circumvent records management laws.
JP Morgan’s share price rose 6.2% this year, lagging behind the KBW Bank Index’s 11.6% rise.
This story is developing. Please check for updates.
JPM Revenues Q4 2021
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