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5h ago

Wall Street’s Megabanks Kick Off Q3 Earnings as JPMorgan Leads Before the Bell

Investors will parse trading strength, fee momentum and executive guidance, given the government shutdown.

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Overview

  • JPMorgan reports Tuesday before the open with Street forecasts of $4.84 EPS and $45.4 billion in revenue, and net interest income near $24.16 billion, according to LSEG and StreetAccount.
  • Goldman Sachs, Wells Fargo, Citigroup and BlackRock also report Tuesday morning, a group representing about $1.5 trillion in market value.
  • Analysts expect continued gains from robust trading and a rebound in M&A and IPO activity, supported by resilient consumer trends.
  • The KBW Nasdaq Bank Index has climbed this year as trading and deal-making strengthened at large lenders relative to regional banks.
  • Context to watch includes a government shutdown elevating the weight of CEOs’ outlooks and JPMorgan’s new $10 billion Security and Resiliency Initiative directing capital to defense, AI, energy tech and advanced manufacturing.