5 Most Anticipated Earnings to Watch in October

3. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 104

JPMorgan Chase & Co. (NYSE:JPM) is scheduled to post its third-quarter results on October 14, 2022. Wall Street analysts expect the bank to earn $2.92 per share on revenue of $32.06 billion.

Meanwhile, CEO of JPMorgan Chase & Co. (NYSE:JPM), Jamie Dimon, recently warned of a recession. He believes the global economy could plunge into recession in 2023. Speaking in an interview, Dimon talked about increasing inflation, elevated interest rates, the Russia-Ukraine war and tightening monetary policy. He believes these factors could lead the economy into recession.

Separately, investment management firm Vltava Fund mentioned JPMorgan Chase & Co. (NYSE:JPM) in its third-quarter 2022 investor letter, stating:

“We regard JPM to be the strongest and best- managed bank in the world. It is a leader in investment banking, commercial banking, credit cards, and asset management. Its size (the largest bank in the USA, with nearly USD 4,000 billion in assets) and diversification give it a strong competitive advantage that is compounded by its cost advantages and the high costs to clients associated with switching banks. JPM’s management prides itself on running the only large bank to avoid major instability over the long term.

JP Morgan’s quality and strength first became fully evident in 2008 under the leadership of its CEO Jamie Dimon. Not only did JP Morgan help to stabilize the market by taking over the failing Bear Stearns in the spring of that year, but throughout the Great Financial Crisis it was the only big US bank that did not require government assistance and it was highly profitable even in the difficult year of 2008.”