JP Morgan

Can JPMorgan keep outperforming in a tough environment for big banks?

The largest bank in the US has outperformed its rivals in the first half of 2023 and that could remain the case in the second.

Banks have shaken off a crisis for now, but the troublesome economic outlook poses another threat.

Banks are finding it hard to recover from the fallout caused by the collapse of Silicon Valley Bank and Signature Bank last month.

Markets have been rocked by the biggest banking crisis since the 2008 financial crash.

JPMorgan is set to report lower earnings for a fifth consecutive quarter but profits are expected to bounce back in 2023.

US banks are set to underperform and report a sharp drop in earnings as provisions and charge-offs continue to grow amid the uncertain outlook.

It is expected to be another tough quarter for JPMorgan, which has underperformed its banking rivals in 2022.