JPMorgan Chase is set to release its first-quarter earnings report Friday morning, prior to market opening.
According to projections from LSEG, Wall Street anticipates the following figures:
- Earnings per share: $4.61
- Revenue: $44.11 billion
As the first major U.S. bank to disclose earnings for the latest quarter amid a backdrop of escalating economic uncertainty, JPMorgan Chase’s report will attract keen attention.
Investors are eager to assess the financial health of consumers, businesses, and corporations in the wake of heightened global trade tensions instigated by President Donald Trump beginning April 2.
Jamie Dimon, the bank’s long-serving CEO, expressed concerns on Wednesday, suggesting that aggressive tariff measures could potentially lead to a recession. Trump’s recent announcement included a reduction in proposed tariff rates for most nations, excluding China, for an initial duration of 90 days.
While bank executives will likely emphasize the quarter’s outcomes, which concluded prior to Trump’s “Liberation Day” announcement, the fluctuating bank stock prices driven by recession apprehensions may overshadow retrospective discussions.
The prevailing uncertainty in the corporate environment was anticipated to dampen certain investment banking endeavors, including initial public offerings and merger consultancy.
Conversely, this unsettled landscape is predicted to create a lucrative scenario for Wall Street trading desks.
Wells Fargo and Morgan Stanley are also set to announce their earnings on Friday, while Goldman Sachs, Bank of America and Citigroup are scheduled to follow suit next week.
This story is developing. Please check back for updates.
