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Many major banking companies will report earnings results this week. In the current environment of high inflation and increased interest rates, the impact of this factor on bank earnings is the main focus. In general, analysts seem to have a gloomy sentiment on the bank’s earnings due to challenging conditions.
JPMorgan
JPMorgan Chase & Co. (NYSE: JPM ) is scheduled to report its fourth quarter 2022 results on Friday, January 13th. Analysts expect JPM to report earnings of $3.10 per share on revenue of $34.3 billion. This compares with earnings of $3.33 per share on reported revenue of $29.2 billion in the same period last year. Managed revenue was $30.3 billion in Q4 2021. In Q3 2022, the company reported EPS of $3.12 on reported revenue of $32.7 billion. Managed revenue was $33.4 billion in Q3.
Citigroup
Citigroup Inc.’s financial report, Citigroup Inc. annual for 2020. Analysts project earnings of $1.18 per share from $17.8 billion. In the year-ago quarter, the company reported EPS of $1.46 on revenue of $17 billion. In Q3 2022, Citigroup reported revenue of $18.5 billion, which was up 6% year-on-year and EPS of $1.63.
Bank of America
Bank of America Corporation, Bank of America Corporation’s annual earnings report for 2020. Analysts forecast earnings of $0.78 per share on revenue of $24.4 billion. This compares to earnings of $0.82 per share on revenue of $22.1 billion in Q4 2021. In the third quarter of 2022, total revenue was $24.5 billion while EPS was $0.81.
Wells Fargo
Wells Fargo & Company (NYSE: WFC ) is scheduled to report its Q4 2022 earnings on Friday as well. Analysts expected earnings of $0.64 per share on revenue of $19.9 billion. In the same quarter last year, the company reported earnings of $1.38 per share on revenue of $20.8 billion. In Q3 2022, Wells Fargo posted revenue of $19.5 billion and EPS of $0.85.
Goldman Sachs
Goldman Sachs Group, Inc. (NYSE: GS ) is scheduled to report its fourth quarter 2022 results on Tuesday, January 17th. Analysts forecast earnings of $5.97 per share on revenue of $11.1 billion. This compares to EPS of $10.81 on revenue of $12.6 billion reported in Q4 2021. In Q3 2022, GS reported EPS of $8.25 and revenue of $11.98 billion.
Morgan Stanley
Morgan Stanley (NYSE: MS ) is set to report its Q4 2022 earnings results on Tuesday as well. Analysts project earnings of $1.29 per share on revenue of $12.7 billion. In Q4 2021, the company posted EPS of $2.01 on revenue of $14.5 billion. In Q3 2022, revenue is $12.9 billion and EPS is $1.47.
Click here to access the latest earnings infographic of these banks
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