Bank stocks have rebounded in recent months as strong results from lenders' retail businesses helped drive firms including J.P. Morgan to record profits.
Analysts expect J.P. Morgan earnings of $2.50 per share, a 9.1% increase from a year earlier, according to Refinitiv.The bank's fixed income desks are expected to produce $3.37 billion in revenue, compared to $1.9 billion for equities, according to FactSet.
Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018.is scheduled to report second-quarter earnings before the opening bell Tuesday.Earnings: $2.50 per share, a 9.1% increase from a year earlier, according to Refinitiv.Net Interest Margin: 2.51%, according to FactSetJ.P. Morgan, the biggest U.S.
Bank stocks have rebounded in recent months as strong results from lenders' retail businesses helped drive firms including J.P. Morgan to record profits, offsetting declining revenues from trading and other Wall Street activities., when higher interest rates helped it beat profit and revenue expectations. They'll be keen to ask executives about the impact of the Federal Reserve's looming interest rate cuts, as that could compress margins on banks' core lending businesses.
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