JPMorgan Chase’s Next Earnings Report Tomorrow Could Send the Stock Plunging. Here’s Why.
As it does each quarter, JPMorgan Chase (NYSE:JPM), the largest bank in the U.S., will kick off earnings season tomorrow morning by releasing its third-quarter results before the market opens. Then management, led by CEO Jamie Dimon, will host a live conference call with analysts.
Investors across the market are always interested in what the big banks, particularly JPMorgan, have to say because they serve as a pulse check on the economy, showing how consumers and businesses are holding up.
Bank stocks have also come under pressure amid soaring bond yields, which can affect banks in various ways. Here’s why JPMorgan’s earnings report tomorrow could send the stock plunging.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.