Big U.S. Banks Set to Report Q3 Earnings Amid Market Watch
J.P. Morgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C) are poised to release their third-quarter earnings on October 14, drawing significant attention from Wall Street. Analysts project JPMorgan to report earnings per share of $4.85 on revenues of $45.47 billion, while Wells Fargo anticipates a 9% year-over-year EPS increase to $1.55, despite an expected 50% revenue decline to $21.15 billion.
Market sentiment remains cautiously optimistic, with Wells Fargo's stock already up 12% year-to-date, fueled by cost controls and loan growth. Citi analyst Keith Horowitz maintains a neutral stance, reflecting broader uncertainty ahead of the earnings reveal.