Q4 Kickoff: The Big Earnings Questions for JPMorgan, Wells Fargo

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Source: Blogs Barrons Stocks To Watch

Let the fun begin. JPMorgan Chase (JPM) and Wells Fargo (WFC), the No. 1 and No. 2 U.S. banks by market cap respectively, kick off fourth-quarter financial earnings tomorrow morning before the market opens.

Both stocks were up last year, though only one beat the market. JPMorgan returned 27%, versus the S&P 500’s 22% return; Wells Fargo was up 13% in 2017. The Financial Select Sector SPDR ETF (XLF) rose 22%.

For the fourth quarter, analysts expect JPMorgan to report earnings per share of $1.69 on $25.5 billion in revenue, according to Bloomberg. The fourth-quarter consensus for Wells Fargo is EPS of $1.02 and $22.4 billion in revenue.

Here are the key questions leading into the big reports:

BlackRock (BLK), the largest asset manager in the world, and PNC Financial Services Group (PNC), the seventh largest U.S. bank by assets, also report their earnings Friday morning.

Source: Blogs Barrons Stocks To Watch