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JPMorgan Chase & Co. (JPM) Dips More Than Broader Markets: What You Should Know

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JPMorgan Chase & Co. (JPM - Free Report) closed at $144.64 in the latest trading session, marking a -1.34% move from the prior day. This change lagged the S&P 500's daily loss of 0.2%. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq lost 9.78%.

Prior to today's trading, shares of the company had gained 5.22% over the past month. This has lagged the Finance sector's gain of 6.56% and outpaced the S&P 500's gain of 4.16% in that time.

Wall Street will be looking for positivity from JPMorgan Chase & Co. as it approaches its next earnings report date. This is expected to be July 14, 2023. In that report, analysts expect JPMorgan Chase & Co. to post earnings of $3.67 per share. This would mark year-over-year growth of 32.97%. Meanwhile, our latest consensus estimate is calling for revenue of $36.84 billion, up 19.95% from the prior-year quarter.

JPM's full-year Zacks Consensus Estimates are calling for earnings of $14.54 per share and revenue of $147.9 billion. These results would represent year-over-year changes of +20.26% and +14.93%, respectively.

Any recent changes to analyst estimates for JPMorgan Chase & Co. should also be noted by investors. 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. 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 0.91% higher. JPMorgan Chase & Co. is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note JPMorgan Chase & Co.'s current valuation metrics, including its Forward P/E ratio of 10.08. For comparison, its industry has an average Forward P/E of 8.02, which means JPMorgan Chase & Co. is trading at a premium to the group.

We can also see that JPM currently has a PEG ratio of 2.02. 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 1.3 as of yesterday's close.

The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 225, which puts it in the bottom 11% 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.

To follow JPM in the coming trading sessions, be sure to utilize Zacks.com.


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