The US banks earnings schedule for Q4 2024 is as follows:
Wednesday, January 15, 2025 (Before Market Open):
JPMorgan Chase (JPM)
Wells Fargo (WFC)
Citigroup (C)
Goldman Sachs (GS)
Thursday, January 16, 2025 (Before Market Open):
Bank of America (BAC)
Morgan Stanley (MS)
Analysts are projecting strong performances across the board, with the biggest six US banks by assets expected to show nearly 15-18% earnings growth in Q4 2024 compared to the previous year. This growth is attributed to factors such as:
Strong investment banking performance: Major banks have reported significant increases in investment banking fees, with some seeing jumps of 18-31% year-on-year
Robust trading profits
Expanded net interest margins
Decline in credit provisioning expenses
Strong capital markets activity and post-election trading surge: A surge in trading and deal making following the U.S. presidential election has fueled profit.
Favorable economic conditions: The U.S. economy is entering 2025 with momentum, marked by s…