At Least 30 Financials Report Next Week: Credit Not Likely An Issue (Yet) - A Look At 2 Big Banks

Over 30 financial services companies are slated to report Q3 '25 earnings next week, beginning October 13th, with credit quality not anticipated to be a significant issue yet. JPMorgan is projected to post Q3 '25 EPS of $0.83 on $45.35 billion in net revenue, reflecting 11% and 5% year-over-year growth, respectively. Citi is forecast to deliver $1.90 EPS on $21 billion in revenue, with its expected 26% EPS growth considerably outpacing JPMorgan's 11%.

Analysis

At Least 30 Financials Report Next Week: Credit Not Likely An Issue (Yet) - A Look At 2 Big Banks Summary - Next week, beginning October 13th, at least 30 financial services companies are scheduled to report their Q3 ’25 earnings, and the reports appear to cover the market cap spectrum. - When JPMorgan reports Tuesday morning, October 14th, before the opening bell, analysts are expecting EPS of $.83 and net revenue of $45.35 billion for expected y-o-y growth of 11% and 5%, respectively. - For Q3 ’25, analysts are looking for $1.90 in EPS on $21 billion in net revenue for expected y-o-y growth of 26% and 4%, with Citi’s EPS growth expected to far outpace JPM’s 11%. Brian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Brian has a BSBA (Finance) from Xavier University, Cincinnati, Ohio, (1982) and an MBA (Finance) from Loyola University, Chicago, January, 1985. The CFA was awarded in 1994. Brian has been fortunate enough to write for the TheStreet.com from 2000 to 2012, and then the WallStreet AllStars from August 2011, to Spring, 2012. Brian also wrote for Minyanville.com, and has been quoted in numerous publications including the Wall Street Journal. Over 30 financial services companies are set to release Q3 '25 earnings next week, starting October 13th, marking a significant period for sector assessment. Initial indications suggest credit quality may not be a material concern for this reporting cycle, which could alleviate some systemic risks. This broad reporting wave will provide comprehensive insight into the financial sector's health and resilience. JPMorgan (JPM) is forecasted to report Q3 '25 EPS of $0.83 on $45.35 billion in net revenue. These estimates suggest year-over-year growth of 11% for EPS and 5% for revenue, indicating solid, albeit not exceptional, performance. The relatively lower per-ticker sentiment for JPM (0.3) compared to Citi suggests a more cautious outlook on its growth trajectory despite positive revenue projections. Conversely, Citi (C) is projected to achieve Q3 '25 EPS of $1.90 and $21 billion in net revenue, with significant 26% year-over-year EPS growth. This projected growth rate notably surpasses JPMorgan's 11% EPS increase, positioning Citi as a potential outperformer in terms of earnings expansion. The higher per-ticker sentiment for Citi (0.7) reflects this stronger anticipated earnings growth and investor interest.

Key Decisions for Investors

• Monitor Q3 '25 earnings reports from financial institutions closely, particularly for any shifts in credit quality commentary despite current benign expectations.
• Evaluate individual bank performance, noting Citi's significantly higher projected EPS growth of 26% compared to JPMorgan's 11% as a potential differentiator for capital allocation.
• Consider how these divergent growth trajectories between major players like Citi and JPMorgan might influence sector-specific investment strategies or pair trades.