TLDR
- JPMorgan Chase, Wells Fargo, and Citigroup will all report Q3 2025 earnings on October 14 before market open
- JPMorgan analysts expect EPS of $4.85 on revenue of $45.47 billion, representing an 11% year-over-year earnings increase
- Wells Fargo is projected to report EPS of $1.55 with a 50% revenue decrease to $21.15 billion compared to last year
- Citigroup’s expected EPS is $1.73 with revenues of $21.09 billion, showing 15% earnings growth year-over-year
- All three banks have positive analyst ratings with Citigroup showing the highest upside potential at 15.3%
Three of America’s largest banks will release their third quarter 2025 financial results on October 14 before the market opens. JPMorgan Chase, Wells Fargo, and Citigroup are scheduled to report earnings on the same day.
JPMorgan Chase has performed well in 2025 with shares up 28% year-to-date. The bank’s gains come from higher interest income as elevated rates increased profits from lending activities.
The company’s trading and investment banking divisions have maintained steady performance. Market activity and new deal flow have supported these business segments.
Analysts expect JPMorgan to report earnings per share of $4.85. This represents an 11% increase compared to the same quarter last year.
Revenue projections stand at $45.47 billion for the quarter. This marks a 34% decrease from the year-ago period.
JPMorgan has a strong history of beating earnings estimates. The bank has exceeded EPS expectations in eight of the past nine quarters.
Leadership Changes at JPMorgan
The bank recently promoted Conor Hillery and Matthieu Wiltz to co-lead operations across Europe, Middle East, and Africa. This move is part of JPMorgan’s plan to increase revenue from the region by nearly 20% by 2030.
Citi analyst Keith Horowitz raised his price target on JPMorgan to $325 from $275. He maintained a Neutral rating on the stock.
Evercore ISI analyst Glenn Schorr set a price target of $330 and kept an Outperform rating. He expects JPMorgan to deliver strong results with potential to beat estimates.
Options traders are expecting a 5.07% move in either direction after the earnings announcement. This suggests moderate volatility anticipated around the report.
Wells Fargo and Citigroup Projections
Wells Fargo shares have gained over 12% year-to-date. Strong earnings, cost controls, and steady loan growth have driven the stock higher.
Analysts expect Wells Fargo to report EPS of $1.55. This represents a 9% increase from the same quarter last year.
Revenue is expected to decrease 50% year-over-year to $21.15 billion. Citi analyst Keith Horowitz maintained a Hold rating on Wells Fargo stock.
Citigroup has rallied 36.3% year-to-date. Cost-cutting efforts and steady trading revenue have supported the stock’s performance.
Wall Street expects Citigroup’s Q3 EPS to reach $1.73. This would be a 15% increase compared to last year.
Revenues are projected at $21.09 billion for the quarter. Citigroup recently announced the sale of a 25% stake in its Banamex unit to Mexican businessman Fernando Chico Pardo.
UBS analyst Erika Najarian maintained a Hold rating on Citigroup following the Banamex sale. The sale price was lower than some expectations.
Based on analyst ratings, Citigroup offers the highest upside potential at 15.3%. Wells Fargo follows with 14.7% upside, while JPMorgan shows 9.7% upside from current levels.
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