The earnings season is set to kick off next week with quarterly reports from a number of leading banks. JPMorgan Chase & Co. (NYSE: JPM), Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) are scheduled to report their earnings results for the second quarter of 2025 on Tuesday, July 15, before market opens, while Bank of America (NYSE: BAC), Goldman Sachs (NYSE: GS), and Morgan Stanley (NYSE: MS) are slated to release their Q2 2025 results on Wednesday, July 16, BMO. Here’s a look at what to expect from the reports:
JPMorgan
Analysts are projecting revenue of $43.9 billion for JPMorgan in Q2 2025, which indicates a decline of over 12% from the same period a year ago. Earnings are estimated to be $4.47 per share, implying a year-over-year drop of nearly 27%. In the first quarter of 2025, revenue increased 8% YoY to $45.3 billion while EPS rose 14% to $5.07.
Citigroup
Citigroup is expected to report earnings of $1.63 per share on revenue of $20.83 billion for Q2 2025. This compares to EPS of $1.52 on revenue of $20.1 billion reported in Q2 2024. In Q1 2025, revenues increased 3% to $21.6 billion and EPS grew 24% to $1.96 compared to last year.
Wells Fargo
Analysts predict earnings of $1.40 per share on revenue of $20.8 billion for Wells Fargo in Q2 2025. This compares to EPS of $1.33 on revenue of $20.7 billion reported in the year-ago quarter. In the first quarter of 2025, revenue decreased 3% YoY to $20.1 billion while EPS rose 16% to $1.39.
Bank of America
Bank of America is projected to report revenue of $26.8 billion for Q2 2025, which implies a growth of over 5% YoY. EPS is estimated to be $0.87, which compares to $0.83 last year. In Q1 2025, revenue grew 6% to $27.4 billion and EPS rose 18% to $0.90 YoY.
Goldman Sachs
Analysts are projecting earnings of $9.68 per share on revenue of $13.54 billion for the second quarter of 2025. This compares to earnings of $8.62 per share on revenue of $12.73 billion reported in the second quarter of 2024. In the first quarter of 2025, revenues increased 6% to $15.06 billion while EPS rose 22% to $14.12 YoY.
Morgan Stanley
Morgan Stanley is expected to report revenue of $16.04 billion in Q2 2025, which indicates a YoY growth of over 6%. EPS is projected to be $2.01, which implies a 10% rise from the previous year. In Q1 2025, net revenues increased 17% YoY to $17.7 billion while EPS grew 29% to $2.60.