We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
JPMorgan Chase & Co. (JPM) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
JPMorgan Chase & Co. (JPM - Free Report) closed at $157.52 in the latest trading session, marking a +1.31% move from the prior day. This change outpaced the S&P 500's 0.07% gain on the day.
On that day, JPM is projected to report earnings of $3.12 per share, which would represent year-over-year growth of 126.09%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $30.49 billion, down 7.54% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $13.13 per share and revenue of $120.45 billion, which would represent changes of +47.86% and +0.71%, respectively, from the prior year.
Investors should also note any 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 16.64% higher. JPM is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, JPM currently has a Forward P/E ratio of 11.84. Its industry sports an average Forward P/E of 12.37, so we one might conclude that JPM is trading at a discount comparatively.
Meanwhile, JPM's PEG ratio is currently 2.37. 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. JPM's industry had an average PEG ratio of 1.5 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% 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.
To follow JPM in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
JPMorgan Chase & Co. (JPM) Outpaces Stock Market Gains: What You Should Know
JPMorgan Chase & Co. (JPM - Free Report) closed at $157.52 in the latest trading session, marking a +1.31% move from the prior day. This change outpaced the S&P 500's 0.07% gain on the day.
On that day, JPM is projected to report earnings of $3.12 per share, which would represent year-over-year growth of 126.09%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $30.49 billion, down 7.54% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $13.13 per share and revenue of $120.45 billion, which would represent changes of +47.86% and +0.71%, respectively, from the prior year.
Investors should also note any 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 16.64% higher. JPM is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, JPM currently has a Forward P/E ratio of 11.84. Its industry sports an average Forward P/E of 12.37, so we one might conclude that JPM is trading at a discount comparatively.
Meanwhile, JPM's PEG ratio is currently 2.37. 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. JPM's industry had an average PEG ratio of 1.5 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% 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.
To follow JPM in the coming trading sessions, be sure to utilize Zacks.com.