What to Watch for in JPMorgan's Earnings

Date : 07/12/2018 @ 5:47PM
Source : Dow Jones News
Stock : JP Morgan Chase and Co (JPM)
Quote : 119.68  -0.28 (-0.23%) @ 9:41PM

What to Watch for in JPMorgan's Earnings

JP Morgan Chase (NYSE:JPM)
Historical Stock Chart

2 Years : From Oct 2017 to Oct 2019

Click Here for more JP Morgan Chase Charts.
By Emily Glazer 

JPMorgan Chase & Co., the largest U.S. bank by assets, is expected to report its second-quarter results before the market opens Friday. Here's what you need to know.

1. Earnings Expected to Jump

Earnings of $2.22 a share are the consensus of analysts surveyed by Thomson Reuters. That would represent a 30% increase from the $1.71 a share the company earned in the same period a year earlier. JPMorgan and other large banks continue to benefit greatly from the new U.S. tax law.

2. Higher Revenue as Well

Revenue of $27.37 billion is forecast, higher than the $25.76 billion reported in the year-earlier quarter.

3. Flat Trading

Daniel Pinto, the bank's co-president and head of its corporate and investment bank, said in May that trading is expected to be flat in the second quarter compared to the year-earlier period. He said "core activity" would be up in the mid-single digit percentage range, but look out for a series of one-offs that could drive results lower. Performance in interest-rate trading and commodities could be better than emerging markets.

4. Can the Bank Keep Growing?

JPMorgan Chief James Dimon recently said the banking sector is in "a golden age." That's due in part to a softening regulatory environment, the impact of the new U.S. tax law on banks' financial outlooks and the firms' continued focus on efficiency. Now we'll find out if the latest quarter lives up to the rhetoric.

5. U.S. Policy Commentary

Investors will be poised to hear any fresh perspective from Mr. Dimon about U.S. policy and its impact on the economy or banking industry. Of particular interest would be updates on the impact of Chinese tariffs, Brexit or immigration policy, all of which Mr. Dimon has taken stances on previously.

Write to Emily Glazer at emily.glazer@wsj.com


(END) Dow Jones Newswires

July 12, 2018 12:32 ET (16:32 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

Latest JPM Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.