A lot of main banks are set to report their second quarter 2024 earnings outcomes over this week and the following. JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Firm (NYSE: WFC), and Citigroup Inc. (NYSE: C) are scheduled to report their monetary outcomes on Friday, July 12, earlier than markets open.
Goldman Sachs (NYSE: GS) will report its Q2 outcomes on Monday, July 15 whereas Morgan Stanley (NYSE: MS) will report its outcomes on Tuesday, July 16. Right here’s a take a look at what to anticipate from the Q2 studies:
JPMorgan
Analysts are projecting earnings of $4.26 per share on income of $39.5 billion for JPMorgan for the second quarter of 2024. This compares to earnings of $4.75 per share on income of $41.3 billion reported in the identical interval a 12 months in the past. Within the first quarter of 2024, the corporate delivered EPS of $4.44 on income of $41.9 billion.
Wells Fargo
The consensus estimate is for earnings of $1.28 per share on income of $20.23 billion for Wells Fargo in Q2 2024, which compares to earnings of $1.25 per share on income of $20.5 billion reported within the prior-year quarter. In Q1 2024, Wells Fargo reported earnings of $1.20 per share on income of $20.8 billion.
Citigroup
Analysts are predicting EPS of $1.41 on income of $20.08 billion for Citigroup in Q2 2024. This compares to EPS of $1.33 on income of $19.4 billion reported in Q2 2023. In Q1 2024, the corporate reported EPS of $1.58 on income of $21.1 billion.
Goldman Sachs
Goldman Sachs is anticipated to report earnings of $8.61 per share on income of $11.64 billion within the second quarter of 2024. This compares to EPS of $3.08 on income of $10.9 billion reported in Q2 2023. In Q1 2024, the corporate reported EPS of $11.58 on income of $14.2 billion.
Morgan Stanley
Analysts anticipate Morgan Stanley to report earnings of $1.65 per share on income of $14.3 billion in Q2 2024. This compares to EPS of $1.24 on income of $13.5 billion reported in Q2 2023. In Q1 2024, the corporate reported EPS of $2.02 on revenues of $15.1 billion.
