Here comes JPMorgan's earnings...
Jan 15, 2019, 16:30 IST
JPMorgan is expected to report fourth quarter earnings on Tuesday morning, with analysts predicting profit of $2.21 a share, on a 22% gain on adjusted net income to $7.4 billion. Here are some other numbers to watch:
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- Revenue: Analysts predict JPMorgan to reap $26.9 billion in fourth-quarter revenue.
- Expenses: Analysts forecast noninterest costs of $15.6 billion.
- Corporate and investment bank: This unit houses JPMorgan's market leading trading and investment banking businesses. KBW analysts predict $7.6 billion in revenue, based on weakness in trading.
- Consumer and community banking: JPMorgan Chase is the biggest US bank by deposits, and this is the unit that holds most of that money on behalf of households. KBW analysts predict revenue of $13.6 billion.
- Commercial banking: KBW analyst predict $2.2 billion in revenue.
- Asset and wealth management: KBW analysts predict $3.6 billion in revenue.
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