Looking Ahead of Wall Street: JPM, BAC, C
Uri Gruenbaum | Jan 12, 2015 06:27AM ET
Wall Street has an exciting week ahead as investment banks are scheduled to announce their fourth quarter fiscal 2014 earnings reports.
J.P Morgan Chase:
JPMorgan Chase & Co (NYSE:JPM) is set to announce their fourth quarter fiscal 2014 earnings report on Wednesday, January 14th before the market opens. The company is expected to post earnings of $1.37 per share, down from $1.40 earnings per share the same quarter last year.
J.P Morgan is currently the largest holding company in the U.S. by assets with $2.53 trillion.
J.P Morgan had a strong year in 2014 with shares increasing 7%. However, the company’s shares have fallen 5% so far in 2015. The plunge came after Goldman Sachs issued a critical note questioning a J.P Morgan breakup on January 5th. While some believe a breakup would be beneficial for the company, others believe it wouldn’t provide the positive shareholder returns expected.
In addition, investors will be looking to see if J.P Morgan can cut core expenses while igniting loan growth.
On average, the top analyst consensus for JPM on
Investors have an exciting week ahead of them in anticipation of the potential earnings outcome of these companies on Wall Street.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.