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Here comes JPMorgan … (JPM)





FILE PHOTO: JP Morgan CEO Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain's Chancellor of the Exchequer George Osborne (not shown) at JP Morgan's corporate centre in Bournemouth, southern Britain, June 3, 2016. REUTERS/Dylan Martinez/File Photo

JPMorgan Chase is set to announce third-quarter earnings Thursday at 6:45 a.m.

Wall Street estimates the firm will announce earnings of $1.645 per share on a GAAP basis, down from $1.83 the previous quarter.

Here’s what else analysts are expecting:

  • Revenues of $25.6 billion, down slightly from $25.76 billion in the second quarter.
  • Net income of $5.9 billion on a GAAP basis, up from $6.55 billion in the second quarter.
  • A hit to trading: Jamie Dimon said in September that trading revenues could drop 20%.

JPMorgan is kicking off the earnings cycle for US banks, which have for weeks been read more >>>

Source:: BusinessInsider.Com

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