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JPMorgan Chase (JPM) Gains As Market Dips: What You Should Know
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In the latest trading session, JPMorgan Chase (JPM - Free Report) closed at $104.85, marking a +1.38% move from the previous day. This change outpaced the S&P 500's 0.66% loss on the day. At the same time, the Dow lost 0.99%, and the tech-heavy Nasdaq lost 1.63%.
Coming into today, shares of the biggest U.S. bank by assets had lost 9.69% in the past month. In that same time, the Finance sector lost 7.79%, while the S&P 500 lost 8.1%.
JPM will be looking to display strength as it nears its next earnings release, which is expected to be January 11, 2019. The company is expected to report EPS of $2.24, up 27.27% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $27.10 billion, up 12.19% from the year-ago period.
JPM's full-year Zacks Consensus Estimates are calling for earnings of $9.28 per share and revenue of $109.73 billion. These results would represent year-over-year changes of +35.08% and +10.14%, respectively.
Any recent changes to analyst estimates for JPM should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1% higher. JPM currently has a Zacks Rank of #2 (Buy).
Investors should also note JPM's current valuation metrics, including its Forward P/E ratio of 11.14. This represents a premium compared to its industry's average Forward P/E of 10.95.
Investors should also note that JPM has a PEG ratio of 1.67 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.14 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 82, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow JPM in the coming trading sessions, be sure to utilize Zacks.com.
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JPMorgan Chase (JPM) Gains As Market Dips: What You Should Know
In the latest trading session, JPMorgan Chase (JPM - Free Report) closed at $104.85, marking a +1.38% move from the previous day. This change outpaced the S&P 500's 0.66% loss on the day. At the same time, the Dow lost 0.99%, and the tech-heavy Nasdaq lost 1.63%.
Coming into today, shares of the biggest U.S. bank by assets had lost 9.69% in the past month. In that same time, the Finance sector lost 7.79%, while the S&P 500 lost 8.1%.
JPM will be looking to display strength as it nears its next earnings release, which is expected to be January 11, 2019. The company is expected to report EPS of $2.24, up 27.27% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $27.10 billion, up 12.19% from the year-ago period.
JPM's full-year Zacks Consensus Estimates are calling for earnings of $9.28 per share and revenue of $109.73 billion. These results would represent year-over-year changes of +35.08% and +10.14%, respectively.
Any recent changes to analyst estimates for JPM should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1% higher. JPM currently has a Zacks Rank of #2 (Buy).
Investors should also note JPM's current valuation metrics, including its Forward P/E ratio of 11.14. This represents a premium compared to its industry's average Forward P/E of 10.95.
Investors should also note that JPM has a PEG ratio of 1.67 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.14 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 82, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow JPM in the coming trading sessions, be sure to utilize Zacks.com.