A number of leading banks are set to report their second quarter 2024 earnings results over this week and the next. JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Company (NYSE: WFC), and Citigroup Inc. (NYSE: C) are scheduled to report their financial results on Friday, July 12, before markets open.
Goldman Sachs (NYSE: GS) will report its Q2 results on Monday, July 15 while Morgan Stanley (NYSE: MS) will report its results on Tuesday, July 16. Here’s a look at what to expect from the Q2 reports:
JPMorgan
Analysts are projecting earnings of $4.26 per share on revenue of $39.5 billion for JPMorgan for the second quarter of 2024. This compares to earnings of $4.75 per share on revenue of $41.3 billion reported in the same period a year ago. In the first quarter of 2024, the company delivered EPS of $4.44 on revenue of $41.9 billion.
Wells Fargo
The consensus estimate is for earnings of $1.28 per share on revenue of $20.23 billion for Wells Fargo in Q2 2024, which compares to earnings of $1.25 per share on revenue of $20.5 billion reported in the prior-year quarter. In Q1 2024, Wells Fargo reported earnings of $1.20 per share on revenue of $20.8 billion.
Citigroup
Analysts are predicting EPS of $1.41 on revenue of $20.08 billion for Citigroup in Q2 2024. This compares to EPS of $1.33 on revenue of $19.4 billion reported in Q2 2023. In Q1 2024, the company reported EPS of $1.58 on revenue of $21.1 billion.
Goldman Sachs
Goldman Sachs is expected to report earnings of $8.61 per share on revenue of $11.64 billion in the second quarter of 2024. This compares to EPS of $3.08 on revenue of $10.9 billion reported in Q2 2023. In Q1 2024, the company reported EPS of $11.58 on revenue of $14.2 billion.
Morgan Stanley
Analysts expect Morgan Stanley to report earnings of $1.65 per share on revenue of $14.3 billion in Q2 2024. This compares to EPS of $1.24 on revenue of $13.5 billion reported in Q2 2023. In Q1 2024, the company reported EPS of $2.02 on revenues of $15.1 billion.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
DAL Earnings: All you need to know about Delta Air Lines’ Q1 2025 earnings results
Delta Air Lines (NYSE: DAL) reported its first quarter 2025 earnings results today. Operating revenue increased 2% year-over-year to $14 billion. Net income was $240 million, or $0.37 per share,
Deals and R&D in focus as Johnson & Johnson gears up for Q1 earnings
For Johnson & Johnson (NYSE: JNJ), investments in its pipeline and exiting lower priority businesses remain central to its strategy in the new fiscal year. The healthcare behemoth is in
Earnings preview: What to expect when these major banks report Q1 2025 results
The leading players in the banking industry are set to report their earnings results for the first quarter of 2025 over this week and the next. While majors JPMorgan Chase
