JPMorgan's Q3 revenue, earnings expected to grow
JPM•JPMorgan is expected to report adjusted Q3 earnings of $5.90 per share, up from $5.07 a year earlier, and revenue of $51.22 billion, up about 9%. Net interest income is seen rising 12% to $26.84 billion.
1. Quarterly estimates
JPMorgan's quarterly report is due before the market opens on Tuesday. Analysts expect adjusted earnings per share of $5.90, compared with $5.07 in the year-ago quarter, on revenue of $51.22 billion versus $47.12 billion. Net interest income is forecast to increase 12% to $26.84 billion.
2. Investor focus
JPMorgan's earnings and revenue have beaten analyst expectations in each of the last eight quarters. Investors are expected to scrutinize bank reports for signs that a recent rise in Treasury yields could curb dealmaking and lending growth while raising funding costs. Options imply a 3.3% share-price move in either direction by Friday, compared with an average 2.6% move on earnings days over the last eight quarters.
