JPMorgan Chase and Wells Fargo reported their first-quarter earnings, showcasing a mixed financial landscape for two of the largest U.S. banks. JPMorgan surpassed expectations with an earnings per share (EPS) of $4.44, against the anticipated $4.11, and reported a revenue of $42.55 billion, exceeding the forecast of $41.85 billion. The bank also highlighted a lower-than-expected provision for credit losses at $1.88 billion against the estimated $2.78 billion, and a slight miss in loans at $1.31T and total deposits figures at $2.43T compared to expectations. Wells Fargo, on the other hand, reported an EPS of $1.20, beating the forecast of $1.08, with a revenue of $20.86 billion against the expected $20.21 billion. However, Wells Fargo's net interest income fell 8% to $12.23 billion, indicating a decrease in earnings from customer interest payments. Both banks are navigating a challenging financial environment, with JPMorgan experiencing a drop in shares by 4.2% after reporting net interest income that missed analyst estimates and raising expense guidance, while Wells Fargo continues to see a decline in net interest income, with shares dropping by 2.5%.
JPMorgan shares drop after the firm reports net interest income that missed analyst estimates and raises expense guidance https://t.co/1sYbmNgWDx
******JPMORGAN STILL SEES FY NET INTEREST INCOME ABOUT $90B**** | But it was down sequentially from Q4, like we said.... @FDICgov $JPM And of course Jamie beat expectations, like hopping dog toys in dark hallways.... https://t.co/Elc7Ix5cpi
$WFC Wells Fargo & Company report earnings. Wants to go much higher. Analysts estimate $20.19B in revenue (-2.60% YoY) and $1.09 in earnings per share (-11.38% YoY). https://t.co/pzfIE404VV
*WELLS FARGO STILL SEES 2024 NII DOWN 7% TO DOWN 9%
Wells Fargo $WFC reported earnings this morning EPS of $1.20 beating expectations of $1.10 Revenue of $20.86B beating expectations of $20.1B
JPMorgan's profit rises on interest income strength https://t.co/yQgaLdACwk https://t.co/bkkgll7hAh
$JPM JPMorgan will report earnings. Wants to go higher Analysts estimate $42.05B in revenue (+6.90% YoY) and $4.21 in earnings per share (+2.68% YoY). https://t.co/pExvYY1Gvk
Second one 🎯 $WFC https://t.co/LfCOOj3ye3 https://t.co/k50ApXbuhG
Global Earnings | Wells Fargo Q1 revenue, JPMorgan Q1 adj revenue and FY net interest income update👇 @WellsFargo @jpmorgan https://t.co/E2bWKE3Z9c
⚠️BREAKING: *JPMORGAN CHASE 1Q EARNINGS PER SHARE $4.63, EST. $4.19 *JPMORGAN CHASE 1Q REVENUE $42.50B, EST. $41.84B $JPM https://t.co/Z2Pj4w4z39
Well… what can I say… doing my best to warn as many as possible 🥲🤷🏻♂️ $JPM https://t.co/pP4dwF12B2 https://t.co/k50ApXbuhG
$JPM with 54% efficiency ratio, 10 pts better than Peer Group 1 average....
And @sonalibasak smartly pointing out that you have an upward adjustment of $JPM's full year expenses - higher for longer could become the story over NII https://t.co/Ib5jmOvlvV
$WFC Wells Fargo's profit fell as it earned less from customer interest payments in Q1. Net income declined to $4.62b, or $1.20/share, compared with $4.99b, or $1.23/share, a yr earlier. Wells Fargo's net interest income (NII) fell 8% to $12.23b $JPM $C https://t.co/dm5gTDWFpD
$JPM with double beat but NII outlook miss. CEO: "This quarter, NII declined 4% sequentially...due to deposit margin compression and lower deposit balances, mostly in CCB. Looking ahead, we expect normalization to continue for both NII and credit costs" $JPM: -4.4% PM https://t.co/vpQgS4uLXd https://t.co/uTiYSy45GN
*JPMORGAN 1Q ADJ. REV. $42.55B, EST. $41.64B *JPM STILL SEES FY NET INTEREST INCOME ABOUT $90B, EST. $90.72B *DIMON: NII FELL ON DEPOSIT MARGIN COMPRESSION, LOWER DEPOSITS *JPMORGAN FALLS 4.2% AFTER FY NET INTEREST INCOME OUTLOOK MISS
JPMorgan Chase tops expectations on trading results, lower-than-expected credit costs Earnings: $4.44 per share, vs. expected $4.11 Revenue: $42.55 billion, vs. expected $41.85 billion $JPM $BAC $C https://t.co/v8msmw9R8T
$JPM ❖ JPMORGAN FALLS 4.2% AFTER FY NET INTEREST INCOME OUTLOOK MISS
Wells Fargo with a double beat. CEO: "...an increase in noninterest income more than offset an expected decline in net interest income. Net charge-offs were stable from the fourth quarter as credit trends remained consistent with recent performance.." $WFC: -2.5% PM https://t.co/5WvJoyRbFP https://t.co/M57NoolpOK
$JPM JPMORGAN Q1 2024 EARNINGS EPS $4.44 VS $4.17 ADJ. REV. $42.55B, EST. $41.64B LOANS $1.31T, EST. $1.33T PROVISION FOR CREDIT LOSSES $1.88B, EST. $2.78B TOTAL DEPOSITS $2.43T, EST. $2.4T CASH & DUE FROM BANKS $22.75 B, EST. $28.97 B STILL SEES FY NET INTEREST INCOME ABOUT $90…
$JPM | JPMorgan Q1 24 Earnings: - Adj EPS: $4.44 (est $4.17) - Revenue: $42.55 B (est $41.64B) - Provision For Credit Losses $1.88B (est $2.78B) - Managed Net Interest Income $23.20B (est $23.22B) - Net Charge-Offs $1.96B (est. $2.2B) - Loans $1.31T (est $1.33T)
⚠️ WELLS FARGO PROFIT SHRINKS ON LOWER INTEREST INCOME Full Story → https://t.co/AuPqoGzgLx Wells Fargo's profit fell as it earned less from customer interest payments in the first quarter. https://t.co/XWHTHa6sKL
$JPM Jamie Dimon - earnings commentary https://t.co/q1zP9pkkFB
⚠️ JPMORGAN'S PROFIT RISES ON INTEREST INCOME STRENGTH Full Story → https://t.co/qq74O0pSjU JPMorgan Chase's profit rose in the first quarter as it earned more from interest payments, the bank said on Friday. https://t.co/aAqLNgsCPC
🔴 $WFC WELLS FARGO Q1 2024 EARNINGS EPS $1.20, EST. $1.08 REV $20.86B, EST. $20.21B NET INTEREST MARGIN 2.81%, EST . 2.84% EFFICIENCY RATIO 69%, EST. 68% CORPORATE AND INVESTMENT BANKING REV. $4.98B COMMERCIAL BANKING REV. $3.15B, EST. $3.35B TOTAL AVG. DEPOSITS$1.34T, EST.…
JPMORGAN $JPM JUST REPORTED EARNINGS EPS of $4.44 beating expectations of $4.11 Revenue of $42.55B beating expectations of $41.6B https://t.co/NRDHdkJxHH
Whoa $JPM earnings came out and market does not like it….
JPMorgan Chase earnings are out – Here are the numbers Earnings: $4.44 per share, vs. expected $4.11 Revenue: $42.55 billion, vs. expected $41.85 billion $JPM https://t.co/v8msmw9R8T
$WFC | Wells Fargo Q1 24 Earnings: - Adj EPS: $1.20 (est $1.08) - Revenue: $20.86 B (est $20.21B) - Provision For Credit Losses: $938M (est $1.27B) - Net Interest Income: $12.23B (est $12.32B) - Net Charge-Offs $1.16B (est. $1.15B) - Total Average Loans $928.1B (est $933.49B)
$JPM JPMORGAN Q1 2024 EARNINGS EPS $4.44 VS $4.17 ADJ. REV. $42.55B, EST. $41.64B LOANS $1.31T, EST. $1.33T PROVISION FOR CREDIT LOSSES $1.88B, EST. $2.78B TOTAL DEPOSITS $2.43T, EST. $2.4T
JPMORGAN - QTRLY AVERAGE LOANS UP 16%, OR UP 3% EXCLUDING FIRST REPUBLIC JPMORGAN: Q1 RESULTS INCLUDED $725 MILLION INCREASE TO THE ESTIMATED FDIC SPECIAL ASSESSMENT IN CORPORATE JPMORGAN: QTRLY NET INTEREST INCOME WAS $23.2 BILLION, UP 11%, OR UP 5% EXCLUDING FIRST REPUBLIC
❖ $JPM RESULTS: Q1 • ADJ revenue $42.55B, EST $41.64B • EPS $4.44 • Loans $1.31 trillion, EST $1.33 trillion • Total deposits $2.43 trillion, EST $2.4 trillion • Provision for credit losses $1.88B, EST $2.78B • Non-interest expenses $22.76B, EST $22.99B • Return on…
WELLS FARGO Q1 EPS USD 1.2 || WELLS FARGO Q1 ROE 10.5% || Q1 REVENUE USD 20,863 MILLION VS. IBES ESTIMATE USD 20,203 MILLION
💰 JPMorgan $JPM EPS. vs Forecast 4.63 / 4.19 🟢 Rev. vs Forecast 42.5B / 41.84B 🟢 Market Cap: 561.29B
🔴 $WFC WELLS FARGO Q1 2024 EARNINGS EPS $1.20, EST. $1.08 REV $20.86B, EST. $20.21B
💰 Wells Fargo(and)Co $WFC EPS. vs Forecast 1.2 / 1.07 🟢 Rev. vs Forecast 20.86B / 20.18B 🟢 Market Cap: 200.71B
🔴 $WFC WELLS FARGO Q1 2024 EARNINGS
❖ $WFC RESULTS: Q1 • Revenue $20.86B, EST $20.21B • Commercial banking revenue $3.15B, EST $3.35B • Corporate and investment banking revenue $4.98B, EST $4.85B • Wealth & investment management total revenue $3.74B, EST $3.73B • Net interest income $12.23B, EST $12.32B…
$JPM JPMORGAN Q1 2024 EARNINGS EPS $4.44 VS $4.17 ADJ. REV. $42.55B, EST. $41.64B
JPMorgan $JPM reports earnings tomorrow morning, Wall ST is expecting numbers of EPS of $4.13 up 0.7% YoY Revenue of $41.69B up 8.7% YoY
Earnings season officially kicks off tomorrow! $WFC $JPM $BLK $STT $PGR $C https://t.co/x7oZuK3LZ3
Bank's earnings start trickling in tomorrow: $JPM $BAC $C $WFC https://t.co/CLuIDEom68
And Earnings Season begins again! https://t.co/JOcET1qMt8