This week, investors will watch JPMorgan Chase (JPM) to see how rate reductions will affect the larger banking sector as the company launches its third-quarter earnings from major banks.
Banks may then see positive and negative effects from interest rate reductions, with the demand for loans expected to increase but revenue margins possibly declining.
JPMorgan Q3 Earnings Projection
Analysts predict JPMorgan's third-quarter sales will increase by 3% to $41.01 billion. Nonetheless, compared to EPS of $4.33 in the same quarter last year, Q3 earnings are believed to have dropped 7% to $4.02 per share.
Although FY25 sales are predicted to decline by -2%, JPMorgan's profit is now predicted to grow by 9% within the fiscal year 2024 to $172.47 billion.
In terms of financial performance, a 3% EPS boost is anticipated in FY24, and yearly earnings of $16.72 per share are predicted to be essentially flat the following year.
