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 & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC) and Morgan Stanley (NYSE: MS) will report their results on Friday, April 11, Goldman Sachs (NYSE: GS) will announce its earnings on Monday, April 14, followed by Bank of America (NYSE: BAC) and Citigroup (NYSE: C) on Tuesday, April 15, all before market open. Here’s a look at what to expect from these reports:
JPMorgan
Analysts are projecting earnings of $4.64 per share on revenues of $44.1 billion for JPMorgan in Q1 2025. This compares to earnings of $4.44 per share on revenues of $41.9 billion reported in Q1 2024. In Q4 2024, reported revenue grew 11% year-over-year to $42.7 billion while EPS grew 58% to $4.81.
Morgan Stanley
Morgan Stanley is expected to report revenue of $16.5 billion and earnings of $2.19 per share in Q1 2025. This compares to revenue of $15.1 billion and EPS of $2.02 reported in Q1 2024. In Q4 2024, revenues grew 26% YoY to $16.2 billion while EPS amounted to $2.22.
Wells Fargo
Wells Fargo is projected to report revenue of $20.76 billion for the first quarter of 2025 which compares to revenue of $20.86 billion reported in the same period a year ago. The consensus target for EPS is $1.23 which compares to EPS of $1.20 reported in Q1 2024. In Q4 2024, revenues remained flat YoY at $20.4 billion while EPS rose 66% to $1.43.
Goldman Sachs
Analysts are forecasting revenue of $14.71 billion for GS in Q1 2025 which implies a growth of over 3% from the same period a year ago. EPS for Q1 2025 is projected to be $12.27 which compares to EPS of $11.58 reported in Q1 2024. In Q4 2024, revenues increased 23% YoY to $13.87 billion while EPS was $11.95.
Bank of America
Bank of America is projected to report earnings of $0.82 per share on revenue of $26.9 billion for Q1 2025. This compares to EPS of $0.76 on revenue of $25.8 billion reported in Q1 2024. In Q4 2024, revenues increased 15% YoY to $25.3 billion while EPS amounted to $0.82.
Citigroup
Citigroup is expected to report earnings of $1.85 per share on revenue of $21.2 billion in Q1 2025. This compares to EPS of $1.58 on revenue of $21.1 billion reported in Q1 2024. In Q4 2024, the company reported EPS of $1.34 on revenue of $19.6 billion.