JPMorgan Chase is set to announce third-quarter earnings Thursday at 6:45 a.m.
Wall Street estimates the firm will announce earnings of $US1.645 per share on a GAAP basis, down from $US1.83 the previous quarter.
Here’s what else analysts are expecting:
- Revenues of $US25.6 billion, down slightly from $US25.76 billion in the second quarter.
- Net income of $US5.9 billion on a GAAP basis, up from $US6.55 billion in the second quarter.
- A hit to trading: Jamie Dimon said in September that trading revenues could drop 20%.
JPMorgan is kicking off the earnings cycle for US banks, which have for weeks been preparing investors for a blow to trading results.
Analysts are also expecting total loan growth to have stalled amid economic and political uncertainty.