$JPM JP Morgan Chase Q2 FY23 numbers
$JPM JP Morgan Chase Q2 FY23 numbers • Net revenue +34% Y/Y to $41.3B ($2.5B beat). • Net Income $14.5B. • EPS: $4.37 ($0.61 beat). • CET1 ratio of 13.8%. $2.7B First Republic bargain purchase gain in Corporate. Source: App Economy Insights
The sp500 has been anticipating the improvement in earnings (ex-Energy) expectations so far. Can these expectations be met?
Source: Bloomberg (Gina Martin Adams for the #chart)
S&P earnings growth is expected to trough in 2Q at -9%
As we enter the us 2Q earnings season, the least we can say is that the bar is low (in terms of expectations) which means that we could see beats on an aggregate level. Goldman Sachs: " Consensus estimates for 2Q growth since the beginning of April have been cut from -6% to -9%." Source: GS, TME
2Q US Earnings Season
S&P 500 earnings reporting by market cap. Two more weeks and then the boom... Source: MS, TM
Market Expectations Seem Quite Low
As we enter us q2 earnings season, market expectations seem quite low Source: Bloomberg