JPMorgan Chase will announce its Q4 2024 earnings, with analysts expecting strong results amid a positive economic outlook
They’re also expecting net interest income to be about $23.1 billion. Plus, trading revenue is looking good too, with fixed income at $4.42 billion and equities at $2.37 billion. It’s a big deal because folks are eager to see if the bank’s performance matches the upbeat mood in the industry.
Banks have had a solid year, with Wall Street seeing more action and consumers staying strong. The recent election win by Donald Trump has many hoping for some regulatory breathing room, which could help JPMorgan, the largest bank in the U.S.
Last month, the bank’s execs hinted that investment banking revenue could jump by 45% in Q4, and trading revenue might rise by about 15%. They also mentioned that their 2025 net interest income forecast is looking $2 billion better than before, which has analysts thinking the fourth quarter could surprise us positively.
But it’s not all smooth sailing. Analysts are likely to grill CEO Jamie Dimon about his plans for succession, especially since his right-hand man, Daniel Pinto, is stepping down as COO in June. Dimon has hinted he might retire in the next five years, so that’s a hot topic.
Another thing on everyone’s mind is how potential Federal Reserve rate cuts could affect the bank. While the Fed is expected to make a couple of cuts this year, some economic signs might make them rethink that.
Lastly, there’s chatter about what JPMorgan might do with any extra capital if the regulatory landscape changes under Trump. Dimon mentioned last year that share buybacks would be limited because the stock was pricey, but it’s been climbing since then.
Other banks like Goldman Sachs, Wells Fargo, and Citigroup are also set to report their earnings on the same day, while Bank of America and Morgan Stanley will follow up on Thursday.
This story is still unfolding, so keep an eye out for updates!
