JPMorgan Chase (JPM) earnings Q1 2024

Jamie Dimon, President and CEO of JPMorgan Chase, spoke 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 on Friday. Wall Street expects earnings of $4.11 a share and revenue of $41.85 billion. Net interest income is expected to be $23.18 billion, with fixed income trading revenue of $5.19 billion and equities trading revenue of $2.57 billion. The market will closely watch JPMorgan for insights into how banks performed at the start of the year. Despite challenges in the industry, analysts believe JPMorgan will outperform smaller banks this quarter. The bank is expected to boost guidance for net interest income in 2024. Analysts are eager to hear CEO Jamie Dimon’s thoughts on the economy and efforts to combat credit card and overdraft fee regulations. Investment banking fees are up 11% from a year earlier, providing a boost to the sector. JPMorgan’s stock has risen 15% this year, outperforming the KBW Bank Index. Wells Fargo, Citigroup, Goldman Sachs, Bank of America, and Morgan Stanley are also set to release results soon. This story is developing, so stay tuned for updates.

JPMorgan Chase is set to release its first-quarter earnings, with analysts expecting earnings of $4.11 a share and revenue of $41.85 billion. The bank will be closely watched for insights into how the industry is faring amid challenges such as rising interest rates and potential loan losses. Despite these challenges, larger banks like JPMorgan are expected to outperform smaller peers this quarter. CEO Jamie Dimon’s comments on the economy and efforts to combat fee caps will also be of interest to analysts. Investment banking fees are up 11% from a year earlier, providing some support for the industry. Shares of JPMorgan have risen 15% this year, outpacing the KBW Bank Index. Other major banks like Wells Fargo, Citigroup, Goldman Sachs, Bank of America, and Morgan Stanley are set to report earnings in the coming weeks. This story is developing, so stay tuned for updates from CNBC PRO.

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