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.
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