JPMorgan’s Q2 2024 Earnings: What to Expect

New York-based JPMorgan Chase & Co. (JPM) is a leading global financial services firm with $4.1 trillion in assets and $337 billion in stockholders’ equity as of March 31, 2024. Valued at $580.82 billion by market cap, the firm provides investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management services. The banking giant is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Friday, July 12.

Ahead of the event, analysts expect JPM to report a profit of $4.19 per share on a diluted basis, down 4.1% from $4.37 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. In the previous quarter, the bank warned of an “uncertain” year ahead amid geopolitical tensions and persistent inflationary pressures.