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JPMorgan Chase Set to Report Q3 Earnings as Wall Street Expects 9.6% Revenue Growth

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JPM$332.99 0.47%

JPMorgan Chase & Co. (NYSE:JPM) is scheduled to release its third-quarter financial results on Tuesday before the stock market opens. Analysts expect the banking giant to report year-over-year revenue growth of 9.6%, following a quarter in which revenue rose 27% to $58.02 billion and topped expectations alongside earnings per share and tangible book value per share.

Wall Street analysts covering the firm have largely kept their revenue projections stable over the past 30 days, reflecting expectations that the bank will maintain its trajectory. The upcoming report comes as the broader banking sector experiences declining market sentiment. Over the past month, JPMorgan Chase shares have fallen 4.7%, while its peer group has dropped an average of 7.4%.

As the first major lender to release quarterly numbers, JPMorgan Chase will establish the early benchmark for the broader financial sector this earnings season. The stock last traded at $333, up 0.47% on the day. Investors will watch whether the company can sustain its history of beating Wall Street estimates despite recent headwinds across the sector.

Key points

  • JPMorgan Chase & Co. (NYSE:JPM) will report third-quarter earnings on Tuesday before market open.
  • Analysts project quarterly revenue growth of 9.6% year over year, comparable to the 8.8% growth in the prior-year period.
  • Analysts have generally reconfirmed their earnings estimates over the last 30 days.
  • JPMorgan Chase shares are down 4.7% over the past month, while peer bank stocks have fallen 7.4% on average.
  • Last quarter, the bank beat revenue expectations with $58.02 billion, alongside EPS and tangible book value beats.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

When does JPMorgan Chase report its Q3 earnings?

JPMorgan Chase is scheduled to announce its third-quarter earnings results on Tuesday before market hours.

What are Wall Street's revenue growth expectations for JPMorgan Chase in Q3?

Wall Street expects JPMorgan Chase revenue to grow 9.6% year over year, compared to 8.8% growth in the same period last year.

How have JPMorgan Chase shares performed recently?

JPMorgan Chase stock is down 4.7% over the past month, while its peer group has declined by an average of 7.4%. The stock last traded at $333, up 0.47% for the day.