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Earnings season for banks kicks off with reports from JPMorgan ($JPM), Wells Fargo ($WFC), and Citigroup ($C). JPMorgan's earnings disappoint, leading to a 3.5% pre-market decline. The company forecasts lower-than-expected net interest income for 2024.
Good Morning! Here's a summary of the bank reports so far: $JPM -2.3% • EPS: $4.63 vs $3.82 est. • Rev: $41.9B vs $38.53B est. $BLK +2.4% • EPS: $9.81 vs $9.32 est. • Rev: $4.73B vs $4.68B est. $WFC +0.90% • EPS: $1.20 vs $1.00 est. • Rev: $20.86B vs $18.6B est.
Some Key Earnings Calls scheduled for Today [ET]: — $BLK: 7:30 AM — $JPM: 8:30 AM — $WFC: 10:00AM — $STT, $C : 11:00AM
JPMorgan forecasts lower-than-expected net interest income in 2024 https://t.co/m29IsIoSHK
