JPMorgan Chase is set to report fourth-quarter earnings – here’s what the Street expects
All eyes are on JPMorgan Chase as the banking giant prepares to release its fourth-quarter earnings report Tuesday before the market open. The results are expected to provide a crucial snapshot of consumer and corporate health while shaping expectations for the financial sector's trajectory in 2026.
According to consensus estimates compiled by LSEG and StreetAccount, Wall Street anticipates the following performance for the quarter:
Earnings Per Share: $5.00
Revenue: $46.2 billion
Net Interest Income: $24.99 billion
Trading Revenue: $5.29 billion (Fixed Income) and $2.55 billion (Equities)
The report arrives as banks have enjoyed an extended favorable climate. A rebound in capital markets activity, declining interest rates, resilient credit quality, and a supportive regulatory environment have fueled sector performance. This momentum propelled the KBW Bank Index to a 29% gain in 2025, marking its second consecutive year of outperformance against the broader S&P 500.
Analysts will scrutinize management's commentary to gauge how much of this tailwind is sustainable. Key areas of focus include:
Consumer Resilience: Any emerging softness in spending against a backdrop of a potentially cooling labor market.
Capital Markets Momentum: Guidance on the pipeline for investment banking and deal-making activity.
Political and Regulatory Landscape: CEO Jamie Dimon will likely face questions on potential policy shifts, including the Trump administration's push to cap credit card interest rates at 10% and debates surrounding Federal Reserve independence.
As the bellwether for the industry, JPMorgan's outlook will set the tone for a packed earnings week. Bank of America, Citigroup, and Wells Fargo report Wednesday, followed by Goldman Sachs and Morgan Stanley on Thursday.
