Big Banks Kick Off Earnings Season Amid Inflation Concerns

Wall Street Brunch: Big Banks Kick Off Earnings Season. JPMorgan, Wells Fargo, BlackRock, and Citigroup report on Tuesday, with JPMorgan expected to report EPS of $4.48 on revenue of $44.04 billion. Netflix is expected to report EPS of $7.08 on revenue of $11.04 billion. The June consumer price index is also expected to post a 0.3% monthly rise, taking the annual retail inflation rate up to 2.6% from 2.4%.

Wall Street is gearing up for a busy week as major financial institutions prepare to release their quarterly earnings reports. Among the notable releases, JPMorgan Chase & Co. (JPM), Wells Fargo & Co. (WFC), BlackRock Inc. (BLK), and Citigroup Inc. (C) are expected to report their financials on Tuesday, July 3, 2025. Additionally, Netflix Inc. (NFLX) will provide its earnings on July 17, 2025, following a strong year-to-date performance.

JPMorgan Chase & Co. (JPM)

Analysts on Wall Street project that JPMorgan Chase & Co. will announce quarterly earnings of $4.51 per share, representing a 2.5% increase year over year. Revenues are projected to reach $43.81 billion, declining 12.7% from the same quarter last year [1]. The consensus EPS estimate has undergone an upward revision of 1.5% in the past 30 days, indicating a reassessment by covering analysts [1].

Key metrics forecasted by analysts include:
- 'Consumer & Community Banking- Revenue By Line of Business- Card Services & Auto' reaching $6.76 billion, a 12.6% increase year over year.
- 'Consumer & Community Banking- Revenue By Line of Business- Home Lending' projected to be $1.28 billion, a 2.8% decrease from the year-ago quarter.
- 'Total Net Revenue- Line of Business Net Revenue- Asset & Wealth Management' expected to reach $6.09 billion, a 15.9% increase from the prior-year quarter.

Netflix Inc. (NFLX)

Netflix is expected to report EPS of $7.08 on revenue of $11.04 billion in the June quarter, a year-over-year rise of 15.5% [2]. While the stock has seen a year-to-date gain of around 40%, its momentum has stalled in recent weeks, with the stock up by just about 2% over the last month [2]. Analysts expect Netflix to report earnings per share of $7.20, slightly ahead of the company’s guidance of $7.03 and consensus estimate of $7.05 [2].

Economic Indicators

The June consumer price index (CPI) is expected to post a 0.3% monthly rise, taking the annual retail inflation rate up to 2.6% from 2.4%. This indicates a continued moderate increase in inflation [3].

Conclusion

The earnings season promises to provide insights into the financial health of major financial institutions and a key streaming service. Investors will closely watch the earnings reports and key metrics to gauge the performance and future prospects of these companies. The upcoming earnings reports from JPMorgan Chase & Co., Wells Fargo & Co., BlackRock Inc., Citigroup Inc., and Netflix Inc. will be pivotal in shaping market sentiment and investor decisions.

References
[1] https://www.nasdaq.com/articles/what-analyst-projections-key-metrics-reveal-about-jpmorgan-chase-co-jpm-q2-earnings
[2] https://www.legacygrain.com/news/story/33351833/netflix-stock-is-losing-momentum-can-q2-earnings-save-the-day
[3] https://www.marketscreener.com/news/latest/Secretary-Bessent-Expects-to-Accomplish-3-3-3-Plan-50445594/