{"id":122827,"date":"2021-10-13T11:48:48","date_gmt":"2021-10-13T11:48:48","guid":{"rendered":"https:\/\/fin2me.com\/?p=122827"},"modified":"2021-10-13T11:48:48","modified_gmt":"2021-10-13T11:48:48","slug":"jpmorgan-chase-is-set-to-report-third-quarter-earnings-heres-what-the-street-expects","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/jpmorgan-chase-is-set-to-report-third-quarter-earnings-heres-what-the-street-expects\/","title":{"rendered":"JPMorgan Chase is set to report third-quarter earnings \u2013 here\u2019s what the Street expects"},"content":{"rendered":"<ul>\n<li>Here&#x27;s what Wall Street expects:Earnings: $3 per share, 2.6% higher than a year earlier, according to Refinitiv.<\/li>\n<li>Revenue: $29.8 billion, 0.6% lower than a year earlier.<\/li>\n<li>Net Interest Income: $12.98 billion on a reported basis, according to StreetAccount <\/li>\n<\/ul>\n<p>JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Wednesday<\/p>\n<p>Here&#x27;s what Wall Street expects:<\/p>\n<ul>\n<li>Earnings: $3 per share, 2.6% higher than a year earlier, according to Refinitiv<\/li>\n<li>Revenue: $29.8 billion, 0.6% lower than a year earlier<\/li>\n<li>Net Interest Income: $12.98 billion on a reported basis, according to StreetAccount.<\/li>\n<li>Trading Revenue: Fixed income $3.73 billion, Equities $2.16 billion<\/li>\n<li>Investment Banking fees: $2.75 billion <\/li>\n<\/ul>\n<p>JPMorgan Chase, the first big bank to report third-quarter earnings, will be closely watched for signs of an inflection point in the industry&#x27;s weak loan growth.<\/p>\n<p>Consumers and businesses have been flush with cash this year thanks to government stimulus efforts, paying down credit card balances and taking out fewer commercial loans. That prompted CEO Jamie Dimon to call loan demand &quot;challenged&quot; in April.<\/p>\n<p>Another area of interest will be the firm&#x27;s Wall Street trading and advisory division. For most of the pandemic, booming trading, IPO issuance and mergers have led to robust fees for JPMorgan&#x27;s investment bank.<\/p>\n<p>That is expected to moderate in the third quarter. Last month, JPMorgan executive Marianne Lake said that trading revenue will be\u00a010% lower\u00a0than a year ago, which was an unusually strong quarter.<\/p>\n<p>Dimon will likely be asked about the bank&#x27;s acquisition strategy after a string of recent deals. Last month, the bank acquired restaurant review service the Infatuation and college-planning platform Frank. That followed three acquisitions of fintech start-ups in the past year.<\/p>\n<p>Shares of JPMorgan have climbed 31% this year, trailing the 38% increase of the KBW Bank Index. <\/p>\n<p><em>This story is developing. Please check back for updates.<\/em><\/p>\n<p>Become a smarter investor with\u00a0<strong>CNBC Pro<\/strong>.\u00a0<br \/>Get stock picks, analyst calls, exclusive interviews and access to CNBC TV.\u00a0<br \/>Sign up to start a\u00a0<strong>free trial today<\/strong><strong>.<\/strong><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/10\/13\/jpmorgan-jpm-earnings-q3-2021.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#x27;s what Wall Street expects:Earnings: $3 per share, 2.6% higher than a year earlier, according to Refinitiv. Revenue: $29.8 billion, 0.6% lower than a year [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":122826,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JPMorgan Chase is set to report third-quarter earnings \u2013 here\u2019s what the Street expects - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/jpmorgan-chase-is-set-to-report-third-quarter-earnings-heres-what-the-street-expects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JPMorgan Chase is set to report third-quarter earnings \u2013 here\u2019s what the Street expects - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Here&#x27;s what Wall Street expects:Earnings: $3 per share, 2.6% higher than a year earlier, according to Refinitiv. 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