JPMorgan will be watched closely for clues on how the industry fared amid surging interest rates and rising loan losses.
Wall Street analysts expect earnings per share of $3.96 and revenue of $39.65 billion, according to LSEG, formerly known as Refinitiv.While the biggest U.S. bank by assets has navigated volatile rates adeptly so far this year, the situation has caught several peers off guard, including a trio of midsized lenders that collapsed after deposit runs.
One basis point equals one-hundredth of a percentage point.Higher rates hit banks in several ways. The industry has been forced to pay up for deposits as customers shift holdings into higher-yielding instruments like money market funds. Rising yields mean the bonds owned by banks fall in value, creating unrealized losses that pressure capital levels. And higher borrowing costs tamp down demand for mortgages and corporate loans.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swanson: UCLA backup QB Chase Griffin is an NIL star with a bright futureThe senior who teammates call “President Chase” has become a brand unto himself, an influential online ambassador for everything from Degree deodorant to JPMorgan Chase, and his post-football ambit…
Read more »
Woman fatally struck by car while crossing street near 30th Street StationA woman was hit and killed Wednesday morning near 30th Street Station in University City.
Read more »
– Walking on 17th Street going towards U Street Saturday NightWelcome to the beautiful life
Read more »
Are High Rates Taking a Toll on Consumers? Bank Earnings Will Provide a ClueJPMorgan, Wells Fargo and Citigroup are set to kick off third-quarter bank results Friday
Read more »
JPMorgan says this struggling clean energy play may have finally bottomed, sees nearly 60% upsideJPMorgan is bullish on the company's long-term outlook despite short-term challenges.
Read more »
First Abu Dhabi Bank completes cross-border payments testing on JPMorgan OnyxFirst Abu Dhabi Bank announced that it has completed a pilot project using JPMorgan’s Coin Systems distributed ledger for cross-border payments.
Read more »