Loading...
Loading...
is scheduled to report its second quarter results on Tuesday before market open.
Estimize, the crowd sourced earnings and economic estimates platform is estimating the bank will earn $1.48 per share in the quarter (based on 58 estimates) on revenue of $24.675 billion. This compares to the Wall Street consensus estimate calling for an earnings per share of $1.45 on revenue of $24.425 billion.
JPMorgan last reported its first quarter earnings on April 14. At that time, the company earned $1.58 per share, beating the consensus of $1.39. Revenue of $24.82 billion was also higher than the $24.46 billion analysts were looking for. Net income rose $645 million, or 12 percent to $5.9 billion from the same quarter a year ago.
Q2, Full Year Outlook
JPMorgan issued the following
outlook and commentary for its second quarter and full year fiscal 2015 results. Investors will be paying attention to any commentary the bank releases in its second quarter print to compare expectations.
Firmwide:- Expect FY2015 core loan growth of 10 percent+/-
- Expect FY2015 NCOs to remain low at $4B+
- Expect FY2015 adjusted expense of $57B+/-
- Expect Basel III Fully Phased-in CET1 ratio of 11 percent+/- by year-end 2015.
- Expect Mortgage Banking noninterest revenue for FY2015 to be down ~$1B Year over year on lower servicing revenue as well as lower repurchase benefits
- Expect Card Services revenue rate in 2015 to remain at the low end of the target range of 12-12.5 percent
- Expect Card Services FY2015 NCO rate to be slightly less than 2.5 percent
Loading...
Loading...
- For 2Q15, expect business simplification to generate Year over year negative variance in Markets revenue of ~$300mm, or 6 percent, with an associated ~$300mm reduction in expense
- Expect Securities Services revenue to be $950mm – $1B in each of the remaining quarters of 2015, depending on seasonality
- Expect expense to be relatively stable as compared to 1Q15 run-rate, as the build-out of the control environment is completed
- Expect FY2015 pretax margin and ROE to be at the low end of TTC targets
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in