5 Things to Expect When Banks Report Q3 Earnings

Banks' quarterly revenue is expected to drop as a result of the Federal Reserve lowering its benchmark lending rate from 2% to zero in March. That was an abrupt move, so there is a lag effect on banks. The new low-rate environment will have the largest impact on net interest income, which is the difference between what banks make on their interest-...

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5 Things To Expect When Banks Report Q3 Earnings

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Q3 Earnings: What Can Investors Expect? - Nasdaq

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Sep 13, 2024 · The Earnings Big Picture. Total Q3 earnings for the S&P 500 index are expected to be up +3.8% from the same period last year on +4.6% higher revenues.

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Q3 Earnings Season Kicks Off With Better-Than-Expected Bank …

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Oct 18, 2024 · Banks kicked off the earnings season with mostly bullish results and commentary. Q3 S&P 500® EPS growth expected to come in at 4.1%, the fifth consecutive quarter of …

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What To Expect From Fifth Third Bancorp's Next Quarterly Earnings …

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2 days ago · In Q3, FITB exceeded the consensus EPS estimate by 3.7%. For fiscal 2024, analysts expect FITB to report an EPS of $3.34, down 5.9% from $3.55 in fiscal 2023 .

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FAQs about 5 Things to Expect When Banks Report Q3 Earnings Coupon?

What's going on with Q3 earnings?

Q3 earnings season shifts into high gear this upcoming Friday as financial giants of the likes of JP Morgan (NYSE: JPM ), BlackRock (NYSE: BLK ), and Wells Fargo (NYSE: WFC) release their financial results for the quarter marked by a jump in treasury yields. ...

What to expect when large banks report third-quarter results?

Here's a closer look at what to expect when large U.S. banks report third-quarter results. According to Visible Alpha estimates, most large banks likely experienced a drop in net interest income on both a year-over-year and a sequential basis. Bank of America (BAC) and Goldman Sachs (GS) are exceptions. ...

When does Q3 earnings season start?

The Q3 earnings season will take the spotlight when the big banks start reporting their quarterly results from October 11th onwards. How are expectations stacking up? ...

What banks are reporting third-quarter earnings?

Third-quarter earnings season for U.S. banks officially begins this Friday. Among the financial heavyweights reporting earnings this week are JPMorgan Chase & Co. (NYSE:JPM), BlackRock Inc. (NYSE:BLK), Citigroup Inc. (NYSE:C), Wells Fargo Co. (NYSE:WFC) and PNC Financial Services (NYSE:PNC). Street earnings and revenue estimates. ...

Which big Banks beat analysts' earnings expectations?

All six of the big banks beat analysts' profit expectations, and all but Wells Fargo surpassed revenue estimates. Most of these names saw their stocks rewarded as a result of better-than-expected results, even WFC's stock price popped 6% on the day of their earnings report despite missing on the top-line. ...

Will rate cuts affect Q3 earnings?

While it’s too early for rate cuts to affect Q3 earnings, banks’ forward-looking comments, especially for net interest income ("NII") will be key, analysts said. “NII outlook in a steadily declining rate scenario [is] for more important than Q3 results,” Morgan Stanley analyst Betsy Graseck wrote in a note to clients. ...