Categories Analysis, Earnings, Finance

Earnings preview: What to expect when the major banks report Q3 2023 earnings

JPMorgan (NYSE: JPM) is scheduled to report Q3 2023 earnings results on Friday, October 13

A number of leading banks are slated to report their third quarter 2023 earnings results over the coming days. The interest rate environment and its impact on the banks’ key metrics is a prime area of focus. Here’s a look at what to expect from the earnings reports:

JPMorgan

JPMorgan Chase & Company (NYSE: JPM) is scheduled to report its third quarter 2023 earnings results on Friday, October 13, before market open. Analysts expect the bank to report revenue of $39.6 billion for the period, which would represent a growth of over 23% from the year-ago quarter. The consensus estimate for EPS is $3.87 which compares to $3.12 reported in the prior-year period.

Citigroup

Citigroup Inc. (NYSE: C) is slated to report Q3 2023 earnings results on Friday as well. Analysts are projecting revenue of $19.2 billion which would reflect a year-over-year growth of over 5%. EPS is expected to be $1.19 which is lower than the $1.63 reported a year ago.

Wells Fargo

Wells Fargo & Company (NYSE: WFC) will also report its third quarter 2023 earnings results on Friday, before market open. Analysts are estimating revenue of $20.1 billion, which would represent an increase of 7% from the prior-year period. The consensus target for EPS is $1.22 which compares to EPS of $0.85 reported last year.

Goldman Sachs

Goldman Sachs (NYSE: GS) is scheduled to report its third quarter 2023 earnings results on Tuesday, October 17, before market open. Analysts are estimating revenues of $11.2 billion, which would represent a decrease of 6% year-over-year. EPS is projected to be $5.31, which is below the $8.25 reported last year.

Bank of America

Bank of America (NYSE: BAC) will also report its Q3 results on Tuesday, before market open. Analysts are projecting revenue of $25.2 billion, which would reflect an increase of 7% over the prior-year period. EPS is expected to be $0.80 which compares to $0.81 in the year-ago quarter.

Morgan Stanley

Morgan Stanley (NYSE: MS) is scheduled to report its third quarter 2023 earnings results on Wednesday, October 18, before market open. Analysts expect revenues to be $13.3 billion, which represents a slight increase from the $13.2 billion reported in the same period a year ago. EPS is estimated to be $1.35, which compares to $1.47 reported last year.

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

Infographic: How Macy’s (M) performed in Q4 2023 financial results

Macy’s, Inc. (NYSE: M) reported fourth quarter 2023 earnings results today. Net sales were $8.1 billion, down 1.7% versus the same period a year ago. Total revenue dropped to $8.37

AZO Earnings: AutoZone’s Q2 2024 earnings rise on higher sales

AutoZone, Inc. (NYSE: AZO) announced financial results for the second quarter of 2024, reporting higher sales and net profit. The company had a total of 7,191 stores open at the end

SJM Earnings: Key quarterly highlights from J.M. Smucker’s Q3 2024 financial results

The J.M. Smucker Co. (NYSE: SJM) reported third quarter 2024 earnings results today. Net sales increased 1% year-over-year to $2.23 billion. Comparable sales increased 6%. Net income decreased 42% to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top