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) Stock Moves -1.38%: What You Should Know
Read MoreHide Full Article
JPMorgan Chase & Co. (JPM - Free Report) closed at $141.82 in the latest trading session, marking a -1.38% move from the prior day. This change traded in line with S&P 500. Elsewhere, the Dow lost 1.26%, while the tech-heavy Nasdaq lost 5.67%.
Heading into today, shares of the company had gained 5.29% over the past month, outpacing the Finance sector's gain of 1.97% and the S&P 500's gain of 3.87% in that time.
Investors will be hoping for strength from JPMorgan Chase & Co. as it approaches its next earnings release. In that report, analysts expect JPMorgan Chase & Co. to post earnings of $3.43 per share. This would mark year-over-year growth of 30.42%. Meanwhile, our latest consensus estimate is calling for revenue of $36.05 billion, up 17.36% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.86 per share and revenue of $141.12 billion, which would represent changes of +6.37% and +9.65%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for JPMorgan Chase & Co.These revisions help to show the ever-changing nature of 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.52% higher. JPMorgan Chase & Co. is currently a Zacks Rank #3 (Hold).
In terms of valuation, JPMorgan Chase & Co. is currently trading at a Forward P/E ratio of 11.18. Its industry sports an average Forward P/E of 9.97, so we one might conclude that JPMorgan Chase & Co. is trading at a premium comparatively.
Meanwhile, JPM's PEG ratio is currently 2.24. 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 1.5 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 107, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
JPMorgan Chase & Co. (JPM) Stock Moves -1.38%: What You Should Know
JPMorgan Chase & Co. (JPM - Free Report) closed at $141.82 in the latest trading session, marking a -1.38% move from the prior day. This change traded in line with S&P 500. Elsewhere, the Dow lost 1.26%, while the tech-heavy Nasdaq lost 5.67%.
Heading into today, shares of the company had gained 5.29% over the past month, outpacing the Finance sector's gain of 1.97% and the S&P 500's gain of 3.87% in that time.
Investors will be hoping for strength from JPMorgan Chase & Co. as it approaches its next earnings release. In that report, analysts expect JPMorgan Chase & Co. to post earnings of $3.43 per share. This would mark year-over-year growth of 30.42%. Meanwhile, our latest consensus estimate is calling for revenue of $36.05 billion, up 17.36% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.86 per share and revenue of $141.12 billion, which would represent changes of +6.37% and +9.65%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for JPMorgan Chase & Co.These revisions help to show the ever-changing nature of 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.52% higher. JPMorgan Chase & Co. is currently a Zacks Rank #3 (Hold).
In terms of valuation, JPMorgan Chase & Co. is currently trading at a Forward P/E ratio of 11.18. Its industry sports an average Forward P/E of 9.97, so we one might conclude that JPMorgan Chase & Co. is trading at a premium comparatively.
Meanwhile, JPM's PEG ratio is currently 2.24. 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 1.5 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 107, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.