Core Viewpoint - U.S. Bancorp (USB) is anticipated to report year-over-year growth in both revenues and earnings for the third quarter of 2025, with a strong performance driven by net interest income (NII) and non-interest income [1][8] Group 1: Financial Performance Expectations - U.S. Bancorp is scheduled to report Q3 2025 results on October 16, 2025, before market opening [1] - Management expects NII for Q3 2025 to be between $4.1 billion and $4.2 billion, supported by stable funding costs and strong loan demand [2][8] - The consensus estimate for NII is $4.13 billion, reflecting a 2% increase from the previous quarter [3] - Total revenues for Q3 2025 are estimated at $7.16 billion, indicating a 4.7% rise from the year-ago figure [13] Group 2: Non-Interest Income and Expenses - Total non-interest income is projected to be approximately $3 billion in Q3 2025, representing a sequential increase of 1.9% [9][8] - The Zacks Consensus Estimate for capital markets revenues is $396.7 million, showing a 1.7% increase from the prior quarter [5] - Mortgage banking revenues are estimated at $167.1 million, indicating a 3.1% increase from the previous quarter [6] - Adjusted total non-interest expenses are expected to be $4.2 billion or lower, with a focus on prudent expense management [10] Group 3: Asset Quality and Market Conditions - The company is likely to have set aside funds for potential bad loans, anticipating two rate cuts this year [10] - The Zacks Consensus Estimate for non-performing loans is $1.70 billion, reflecting a 4% increase from the prior quarter [11] - Market volatility and client activity have increased due to uncertainties surrounding tariff policies, impacting trading volumes positively [4][5] Group 4: Earnings Surprise Potential - U.S. Bancorp has a history of earnings surprises, with an average surprise of 2.93% over the last four quarters [1] - The company has an Earnings ESP of +1.22%, indicating a high likelihood of beating earnings estimates [12]

Core Insights - Citizens Financial Group, Inc. (CFG) is expected to report third-quarter 2025 results on October 15, 2025, with anticipated increases in earnings and revenues compared to the previous year [1][12][18] Financial Performance - CFG's net interest income (NII) is projected to rise by 3-4% in Q3 2025, supported by stable interest rates and controlled funding costs, with the Zacks Consensus Estimate at $1.49 billion, reflecting a 3.4% increase from the prior quarter [4][12] - The average interest-earning assets are estimated at $197.3 billion, indicating a slight rise from the previous quarter [6] - The consensus estimate for third-quarter revenues is pegged at $2.10 billion, representing a 10.2% increase from the year-ago figure [18] Income Sources - Non-interest income is expected to be impacted negatively by lower mortgage banking fees, with the Zacks Consensus Estimate at $60.9 million, a decline of 16.6% from the prior quarter [8] - Trust and investment services fees are projected to increase by 4% to $91.6 million due to heightened market activity [9] - Capital markets fees are expected to rise significantly by 24.3% to $130.6 million, supported by increased deal-making activities [11] Expenses and Asset Quality - CFG anticipates a rise in adjusted non-interest expenses by 1%-1.5% due to expansion and technological investments [14] - The Zacks Consensus Estimate for non-accrual loans is $1.57 billion, indicating a sequential rise of 3.3% [16] Earnings Expectations - CFG has an Earnings ESP of +0.09%, suggesting a favorable outlook for an earnings beat [17] - The consensus estimate for third-quarter earnings is $1.02 per share, reflecting a 29.1% increase from the year-ago figure [18]

Core Viewpoint - JPMorgan is set to report its Q1 2025 earnings on April 11, with expectations of modest performance compared to previous quarters due to various economic pressures and rising costs [1][2][3]. Financial Performance Expectations - The Zacks Consensus Estimate for Q1 2025 revenues is $43.01 billion, indicating a 2.6% year-over-year growth [2]. - The earnings estimate for the upcoming quarter has been revised slightly upward to $4.60, reflecting a nearly 1% decline from the prior year due to increased provisions for credit losses and higher operating expenses [3][4]. Revenue Drivers - Net Interest Income (NII) is expected to be around $23.31 billion, showing a 1% growth year-over-year, supported by stable funding costs [9]. - Investment Banking (IB) fees are projected to grow by 13% year-over-year, with estimates for IB revenues at $2.61 billion [10][14]. - Markets revenues are anticipated to increase in low double digits, with equity markets revenues estimated at $3.1 billion and fixed-income markets revenues at $5.85 billion [15][16]. Cost and Expense Outlook - Non-interest expenses are expected to rise to $23.8 billion, reflecting a 4.5% increase year-over-year due to expansion efforts and technology investments [18]. - The provision for credit losses is estimated at $2.45 billion, indicating a cautious approach to potential loan defaults [19]. Asset Quality Concerns - The consensus estimate for non-performing loans (NPLs) is $9.32 billion, suggesting a 21.5% increase year-over-year, while non-performing assets (NPAs) are expected to rise to $9.82 billion [20][21]. Market Position and Valuation - JPMorgan's stock is currently trading at a forward P/E of 12.40X, above the industry average of 11.66X, indicating a premium valuation compared to peers like Citigroup and Bank of America [26]. - The company continues to leverage its scale and size, with the acquisition of First Republic Bank in 2023 enhancing its financial position [29]. Strategic Outlook - The company is focused on expanding its footprint and capitalizing on cross-selling opportunities, which may lead to higher investment-related expenses but are expected to benefit long-term prospects [29]. - Management's comments on NII and IB business prospects during the upcoming earnings call will be crucial for investors [30].