Source: Sharecast
Kathleen Brooks, research director at XTB, noted that JP Morgan is treated like a benchmark for the global banking community because it is the world’s largest bank.
"Trading revenue was also a major driver of growth for JPM last quarter, and analysts expect a 7% increase in revenue and earnings compared to a year ago," she said.
"The focus will be on net interest income, which is a key metric for JPM, along with any sign of weakness in consumer credit on the back of a softening economy. Analysts will also be watching any losses stemming from the shakeout in private credit.
"Statistically, over the long term, JPM’s earnings beat forecasts 4/5 of the time, and the average move in the share price in the 24 hours after an earnings report over the last eight quarters is 3%."
On the macroeconomic front, Chinese trade figures are March are scheduled for release.
TD Securities said that after the "phenomenal" trade report in January-February, it expects some normalisation in March exports. Imports, however, could surprise to the upside as Chinese firms may have rushed to stockpile key goods and commodities amid the ongoing US-Iran conflict, it said.
"We expect March import growth of 18.4% y/y (mkt: 15.0%). As input costs rise, we may see a slowdown in production which could drag on Chinese export growth in the near term," TD said. "We expect March exports to register 8.6% y/y (mkt: 9.4%)."
On the UK corporate front, trading updates are due from tobacco firm Imperial Brands, recruiter PageGroup and Oxford Instruments.
For PageGroup, UBS forecasts a first-quarter constant currency decline of 4% year-on-year, representing a slight further easing rate of decline after a 4.6% fall in the final quarter of 2025 as permanent hiring saw easing declines in Q4’25.
"Management has not, as of yet, provided any guidance for FY26e; however, we expect more colour on full year expectations with March the key month for determining both Q1 results and the trend thereafter," the bank said.
