JPMorgan Chase Set to Release First Quarter Results – Here’s What The Street Expects.

JPMorgan Chase is anticipated to report first-quarter results before the opening bell on Friday.

Here’s what Wall Street expects:

• Profits: $4.11 per share, according to LSEG
• Income: $41.85 billion, according to LSEG
• Net interest income: It’s value $23.18 billion, according to StreetAccount
• Trade revenue: $5.19 billion in recurring income and $2.57 billion in equities, according to StreetAccount

JPMorgan will likely be closely watched for clues about banks’ performance initially of the yr.

While the most important U.S. bank by assets has fared well within the rate of interest environment because the Federal Reserve began raising rates two years ago, smaller banks have seen profits decline.

The industry has been forced to pay for deposits as customers move money to higher-yielding instruments, reducing margins. Concerns are also growing over rising industrial loan losses, especially for office buildings and multifamily buildings, in addition to higher bank card default rates.

Still, large banks are expected to outperform smaller ones this quarter, and expectations for JPMorgan are high. Analysts consider the bank may raise its net interest income forecast for 2024 because the Federal Reserve is forced to maintain rates of interest amid persistent inflation data.

Analysts may even want to hear what CEO Jamie Dimon has to say in regards to the economy and the industry’s efforts to thrust back against efforts to curb bank card and overdraft fees.

Wall Street may provide some help this quarter, with investment banking fees expected to increase 11% from a yr ago, according to Dealogic.

JPMorgan shares are up 15% this yr, outpacing the KBW Bank Index’s 3.9% gain.

Wells Fargo AND Citigroup are scheduled to release results later Friday, while Goldman Sachs, Bank of America AND Morgan Stanley report back next week.

This story is developing. Please check back for updates.