Bank Earnings:Historical Results/2023 Q3

Return to: Earnings Season:2023 Q3 | Bank Earnings

See also: Banking Industry

Summary of results

Company	Revenue					Net Income		EPS		Net Charge Off						Net Charge Off Rate			Credit Loss Provisions					Non Performing Loans				Non Performing Loans Rate		Deposits				Loans				Net Interest Margin			Efficiency ratio		Unrealized gains on investment securities
	Q3 2023	Q3 2022	% Q/Q	%Y/Y	Analysts Estimate	Q3 2023	% Y/Y	Actual	Analysts Estimate	Q3 2023	Q3 2022	Q2 2023	% Q/Q	%Y/Y	Estimate	Q3 2023	Q3 2022	Q2 2022	Q3 2023	Q3 2022	% Q/Q	%Y/Y	Estimate	Q3 2023	Q3 2022	% Q/Q	%Y/Y	Q3 2023	Q3 2022	Q3 2023	Q3 2022	% Q/Q	%Y/Y	Q3 2023	Q3 2022	% Q/Q	%Y/Y	Q3 2023	Q2 2022	Q2 2023	Q3 2023	Q3 2022	Q3 2023	Q3 2022	% Q/Q	%Y/Y
JP Morgan	$40.7 billion	$33.5 billion	-4%	21%	$39.63 billion	$13.2 billion	35%	$4.33	$3.12	$1.5 billion	$0.7 billion	$1.4 billion	7%	114%	$1.74 billlion				$1.3 billion	$1.5 billion	-52%	-10%	$2.39 billion							$2.4 trillion	$2.5 trillion	-1%	-4%	$1.3 trillion	$1.1 trillion	5%	17%
Wells Fargo	$20.9 billion	$19.6 billion	2%	7%	$20.1 billion	$5.8 billion	61%	$1.48	$1.25	$864 million	$399 million	$764 million	13%	117%					$1.2 billion	$1.7 billion	-29%	53%	$1.33 billion							$1.3 trillion	$1.4 trillion	-5%	-1%	$943 billion	$946 billion	-0.3%	-0.3%	3.03%	3.09%	2.83%	63%	63%
Citi Group	$20.1 billion	$18.4 billion	4%	9%	$19.3 billion	$3.5 billion	2%	$1.63	$1.21	$1.6 billion	$887 million	$1.5 billion	9%	85%	$1.6 billion				$1.84 billion	$1.82 billion	1%	35%								$1.32 trillion	$1.32 trillion	-2%	0%	$662 billion	$655 billion	1%	1%	2.49%	2.48%	2.31%	67%	70%
Bank of America	$25.2 billion	$24.5 billion	0%	3%	$25.1 billion	$7.8 billion	10%	$0.90	$0.82	$0.9 billion	$0.5 billion	$0.9 billion	0%	79%		0.35%	0.20%	0.32%	$1.2 billion	$0.9 billion	10%	37%	$1.3 billion	$4.8 billion	$4.1 billion	20%	17%	0.46%		$1.89 trillion	$1.94 trillion	0.4%	-3%	$1.05 billion	$1.03 billion	0%	0%				63%	62%	$603 billion	$644 billion		7%
Goldman Sachs	$11.8 billion	$11.9 billion	8%	-1%	$11.2 billion	$2.1 billion	-33%	$5.47	$5.31
PNC Financial Services	$5.2 billion	$5.6 billion	-1%	-6%	$5.3 billion	$1.6 billion	-4%	$3.60	$3.10	$121 million	$194 million	$119 million	2%	-38%		0.15%	0.15%	0.24%	$129 million	$241 million	-12%	-46%		$2.1 billion	$2.06 billion	11%	3%	0.67%	0.66%	$423 billion	$439 billion	-1%	-4%	$320 billion	$313 billion	-2%	2%	2.71%	2.79%	2.82%	62%	64%	- $5.4 billion	-$4.8 billion	29%	13%

Management Remarks

Jamie Dimon, JP Morgan CEO: "Currently, U.S. consumers and businesses generally remain healthy, although, consumers are spending down their excess cash buffers. However, persistently tight labor markets as well as extremely high government debt levels with the largest peacetime fiscal deficits ever are increasing the risks that inflation remains elevated and that interest rates rise further from here. Additionally, we still do not know the longer-term consequences of quantitative tightening, which reduces liquidity in the system at a time when market-making capabilities are increasingly limited by regulations. Furthermore, the war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships. This may be the most dangerous time the world has seen in decades."