JPMorgan, Wells Fargo, Citigroup and Bank of America kick off Q2 earnings season

Earnings
โดย Zacks Investment Research·Read original
Summary · why it matters

JPMorgan, Wells Fargo, Citigroup and Bank of America are set to report second-quarter results on Tuesday, marking the start of the Q2 earnings season for the Finance sector. Aggregate industry data suggests these banks will likely report their best loan growth numbers in almost three years. For Wells Fargo, expectations are for 12.3% EPS growth on 4.7% revenue growth, while Q2 EPS for JPMorgan, Bank of America and Citigroup are expected to increase by 11.3%, 27%, and 38.8% from the same period last year, respectively. For the Finance sector as a whole, total Q2 earnings are expected to increase by 12.6% from the same period last year on 8.4% higher revenues.

Impact on stocks 7

Financials · 2 stocks
Bank of America Corp
BAC
▲ PositiveCapitalrelevance

Expected 27% EPS growth and 8.4% revenue growth for the sector, with Bank of America among the banks reporting strong Q2 earnings.

Wells Fargo & Company
WFC
▲ PositiveCapitalrelevance

Expected 12.3% EPS growth on 4.7% revenue growth, with strong Q2 earnings expectations.

Digital Finance & Tokenization · 2 stocks
Citigroup Inc.
C
▲ PositiveCapitalrelevance

Expected 38.8% EPS growth from same period last year, indicating strong Q2 earnings performance.

JPMorgan Chase & Co
JPM
▲ PositiveCapitalrelevance

Expected 11.3% EPS growth and best loan growth in almost three years, positive earnings outlook.

Biotech & Genomic Medicine · 1 stocks
Industrials · 1 stocks
Aging Population · 1 stocks