Jamie Dimon, President and CEO of JPMorgan Chase, speaking on CNBC's "Squawk Box" at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 17, 2024.JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday.Here's what Wall Street expects:Earnings: $4.11 a share, according to LSEGRevenue: $41.85 billion, according to LSEGNet interest income: $23.18 billion, according to StreetAccountTrading Revenue: Fixed income of $5.19 billion and equities of $2.57 billion ...

Wall Street expects JPMorgan Chase & Co (NYSE: JPM) to start the earnings season on a constructive note on Friday.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.JPMorgan Q1 earnings expectationsCopy link to sectionThe financial services behemoth will likely raise its guidance for net interest income as well, says Scott Siefers – a Piper Sandler analyst. $JPM currently sees its NII to be around $90 billion this year versus $89.3 billion in 2023. Accor ...

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024.The benefits of scale will never be more obvious than when banks begin reporting quarterly results on Friday.Ever since the chaos of last year's regional banking crisis that consumed three institutions, larger banks have mostly fared better than smaller ones. That trend is set to continue, especially as expectations for the magnitude of Federal Reserve interest rates cuts have fallen sharply since the st ...

 Analyst Estimates for Q1 2024 Q4 2023 Q1 2023Net Revenue  $41.26B $38.57B $38.35BDiluted Earnings Per Share $4.13 $3.04 $4.10Net Income $12.57B $9.31B $12.62B Key Metric: Net Interest Income JPMorgan's net interest income reached an all-time high of $24.18 billion in the fourth quarter. But it likely slid to $23.28 billion in the first quarter as the bank's net interest margin probably fell to 2.76% from 2.81%, according to estimates from Visible Alpha. Still, that would mark a 12% increase from $20.83 ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

The upcoming report from JPMorgan Chase & Co. (JPM) is expected to reveal quarterly earnings of $4.20 per share, indicating an increase of 2.4% compared to the year-ago period. Analysts forecast revenues of $40.79 billion, representing an increase of 6.4% year over year.The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. ...

NEW YORK, April 9, 2024 /PRNewswire/ -- J.P. Morgan Asset Management today announced that Chris Meredith is joining as Chief Investment Officer (CIO) - Tax-Smart Strategies. He joins the team from O'Shaughnessy Asset Management. In this new role, Mr. Meredith will be responsible for the management and further development of tax-smart investment capabilities across index and active strategies. "We're thrilled that Chris is joining our team to help extend our leadership position in tax-smart capabilities acro ...

JPMorgan (JPM) , slated to kick-start first-quarter 2024 earnings with other major industry players on Friday, Apr 12, is likely to have witnessed modest gains from high interest rates. As the Federal Reserve kept the interest rates steady during the quarter (at a 22-year high of 5.25-5.5%), the company is less likely to have recorded significant improvement in net interest income (NII).Also, the inverted yield curve in the March-ended quarter and high funding costs are expected to have weighed on NII.Howev ...

J.P. Morgan Chase’s board said Monday (April 8) that planning for an orderly CEO transition in the medium term is one of its top priorities.“The board is focused on enabling an orderly CEO transition to take place in the medium-term,” it said in a proxy statement released Monday. “As part of succession planning, the board continues to oversee management’s development of several operating committee members who are well-known to shareholders as strong potential candidates to succeed Mr. Dimon.”The statement c ...

“[W]e are completely convinced the consequences will be extraordinary and possibly as transformational as some of the major technological inventions of the past several hundred years,” Dimon wrote. “Think the printing press, the steam engine, electricity, computing and the internet, among others.”The bank has used predictive AI and machine learning for years in areas such as marketing, fraud and risk, the letter said. It is exploring the use of generative AI for things like software engineering, customer se ...