JPMorgan Chase (JPM) Q3 2024 Earnings

JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell on Friday.

Here’s what Wall Street expects:

• Earnings: $4.01 per share, according to LSEG
• Revenue: $41.63 billion, according to LSEG
• Net interest income: $22.73 billion, according to StreetAccount
• Trading revenue: $4.38 billion fixed income, $2.41 billion equities, according to StreetAccount

JPMorgan will be closely watched for signs of how banks are doing at the start of the Federal Reserve’s easing cycle.

America’s biggest bank has thrived in a rising rate environment, posting record net income numbers since the Fed began raising rates in 2022.

Now, with the Fed cutting rates, there are questions about how JPMorgan will navigate the change. Like other big banks, its margins can be squeezed as yields on interest-earning assets such as loans fall faster than funding costs.

Last month, JPMorgan scrapped expectations for net interest income and expense for 2025, and analysts will want more details on those forecasts.

Analysts will also want to hear JPMorgan CEO Jamie Dimon’s thoughts on the upcoming U.S. election and the industry’s efforts to push back on a raft of regulatory measures to rein in fees and force banks to hold more capital.

JPMorgan shares are up 25% this year, outpacing the KBW Bank index’s 20% gain.

Wells Fargo is scheduled to release the results later Friday, while Bank of America, Goldman Sachs, City Group and Morgan Stanley report next week.

This story is developing. Please check back for updates.