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JPMorgan Chase (JPM) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, JPMorgan Chase (JPM - Free Report) closed at $99.92, marking a +1% move from the previous day. This change outpaced the S&P 500's 0.72% gain on the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.71%.
Prior to today's trading, shares of the biggest U.S. bank by assets had lost 6.76% over the past month. This has lagged the Finance sector's loss of 2.9% and the S&P 500's gain of 0.28% in that time.
Investors will be hoping for strength from JPM as it approaches its next earnings release, which is expected to be April 12, 2019. The company is expected to report EPS of $2.33, down 1.69% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $28.11 billion, up 0.73% from the year-ago period.
JPM's full-year Zacks Consensus Estimates are calling for earnings of $9.70 per share and revenue of $114.38 billion. These results would represent year-over-year changes of +7.78% and +4.9%, respectively.
It is also important to note the recent changes to analyst estimates for JPM. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.27% lower. JPM is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that JPM has a Forward P/E ratio of 10.19 right now. This valuation marks a premium compared to its industry's average Forward P/E of 10.02.
It is also worth noting that JPM currently has a PEG ratio of 1.53. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.16 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 77, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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JPMorgan Chase (JPM) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, JPMorgan Chase (JPM - Free Report) closed at $99.92, marking a +1% move from the previous day. This change outpaced the S&P 500's 0.72% gain on the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.71%.
Prior to today's trading, shares of the biggest U.S. bank by assets had lost 6.76% over the past month. This has lagged the Finance sector's loss of 2.9% and the S&P 500's gain of 0.28% in that time.
Investors will be hoping for strength from JPM as it approaches its next earnings release, which is expected to be April 12, 2019. The company is expected to report EPS of $2.33, down 1.69% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $28.11 billion, up 0.73% from the year-ago period.
JPM's full-year Zacks Consensus Estimates are calling for earnings of $9.70 per share and revenue of $114.38 billion. These results would represent year-over-year changes of +7.78% and +4.9%, respectively.
It is also important to note the recent changes to analyst estimates for JPM. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.27% lower. JPM is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that JPM has a Forward P/E ratio of 10.19 right now. This valuation marks a premium compared to its industry's average Forward P/E of 10.02.
It is also worth noting that JPM currently has a PEG ratio of 1.53. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.16 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 77, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.