Q1 earnings season kicks off on Friday with $JPMorgan Chase(JPM)$ , $Wells Fargo(WFC)$ , and $Citigroup(C)$ reporting. Can you predict which bank is a big winner this week ? If you get correct answers, you can get 10 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.
Q1 banks' earnings outlook
When analyzing bank earnings, it is important to remember that banks make money in three ways: net interest margin, trading, and fees from services such as investment banking and asset management.
The environment for big banks remains complex, and positive and negative factors must be considered. The latest non-farm payroll report and macro data have shown a resilient economy and robust economic activity, which benefits banks.
However, expectations for interest rate cuts that fueled the rally in the banks and the broader market have lowered. With inflation still sticky, investors have been weighing up the impact of higher rates for longer on net interest income.
Deal-making and IPOs are showing signs of improvement, helped in part by the success of Reddit going public. However, concerns over real estate loans remain.
Q1 banks' earnings consensus
📢How to participate?
It is very easy. Comment on this post and predict which bank is a big winner this week ? why? $Citigroup(C)$ $JPMorgan Chase(JPM)$
🎁Reward
All Tigers who share your insights about bank's financial reports will receive 10 Tiger Coins.💰💰💰
One Tiger will receive 100 coins for the most popular and most discussed comment. (Invite your friends to take part.)💵💵💵
⏰Event Time
The deadline for this event is 17:00 on Friday, 12 April 2024.
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Comments
1.Expected Earnings per share, EPS is $4.152.
2.Expected Revenue is $41.526B
3.Expected Net Income is $11.939B
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Analysts are projecting earnings of $3.84 per share on revenue of $38.7 billion for JPMorgan in Q1 2024. This compares to earnings of $4.10 per share on revenue of $38.3 billion in the same period last year. JPM reported earnings of $3.04 per share on revenue of $38.5 billion for Q4 2023.
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Comment on this post and predict which bank is a big winner this week ? why?
All Tigers who share your insights about bank's financial reports will receive 10 Tiger Coins.💰💰💰
One Tiger will receive 100 coins for the most popular and most discussed comment. (Invite your friends to take part.)💵💵💵