CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

What to watch for in JPMorgan Chase's Q2 results

The US bank had record revenue in Q1, but its Q2 earnings could be impacted by passing a Federal Reserve stress test and depending more on digital banking.

JPMorgan Chase's share price may be affected by these three circumstances when it releases its Q2 earnings report July 16.

Analysts expect JPMorgan Chase’s Q2 revenue to increase

Analysts expect JPMorgan Chase’s Q2 revenue to top $29 billion, with 2.1% year-over-year growth. JPMorgan Chase already had a record Q1 results report with $29.9 billion in revenue. Financial experts also expect JPMorgan Chase’s Q2 earnings per share to grow 9.6% to $2.51.

Appealing to millennials could help JPMorgan Chase's Q2 earnings

JPMorgan Chase’s chief executive officer (CEO), Jamie Dimon, noted that many millennial customers are using the corporation’s Sapphire Card. Credit card sales volume rose by 10%.

‘We're gaining share in millennials every day,’ said Dimon.

Dimon noted that digital banking helps attracts customers in their 20’s that use the bank’s mobile app.

‘I mean we have a million people a day visit branches so millennials are doing it [visiting bank locations] less. We've got 50 million people on digital’, said Dimon.

JPMorgan Chase is also likely trying to attract young bank customers with its own bitcoin launch at the end of the year. The attempts to reach millennial clients could improve JPMorgan Chase’s Q2 revenue.

Practise trading JPMorgan Chase stock with an IG demo account

Low interest rates may impact JPMorgan Chase's Q2 profits

Because the US Federal Reserve kept interest rates unchanged, large US banks like JPMorgan Chase could be under pressure around earnings season because low interest rates often mean less profit for banks, according to Short Hills Capital Partners’ Steve Weiss.

‘I just think it’s very tough given where [interest] rates are and where the [yield] curve is for them to make money,’ said Weiss.

Despite interest rates stagnating, JPMorgan Chase’s stock increased as the corporation passed Fed stress tests to determine if the bank has enough capital to withstand a financial crisis.

Investors will see if appealing to younger customers and passing Fed stress tests will help JPMorgan Chase’s Q2 earnings.


This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Act on share opportunities today

Go long or short on thousands of international stocks with CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.