JP Morgan Chase is set to release its quarterly earnings report on Friday. Ahead of that report, the stock is down 0.13%.

The JPM stock is priced at $195 a share, and it has been trending down for the last few days. The earnings report could give the stock a much needed shot in the arm.

This stock has done well for 2024, though, even if it is down right now. JPM stock started off the year around $165 per share, and it has risen gradually and steadily since then. All of its declines for the year have been minor and short-lived, meaning this stock has gone from strength to strength. Can JP Morgan Chase keep up that momentum for the next quarter?

What Is Expected from This Earnings Report?

JP Morgan could be helped along by the Federal Reserve’s plan to wait on interest rate cuts until later this year. It looks like those cuts are not coming soon thanks to the higher than expected inflation numbers, revealed on Wednesday from the US CPI report.

Because interest rates are high, banking institutions like JPMorgan will benefit. They will take in more interest than they give out for deposits.

In 2023, JP Morgan brought in $89.3 billion. That is a 33% increase from the previous year, and the JPM stock benefitted from those higher interest rates throughout 2023. It may do so again in 2024.

JP Morgan expects to bring in more income this year than last, estimating about $90 billion. That is from a report in January. If this quarterly report looks good, though, then they may update those expectations and increase their estimates. That could help their outlook and bring their stock price up. The dangerous game they play by doing that is that if their estimates are too high, that can come back to bite them with lower stock prices later on.