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JPMorgan Chase & Co. (JPM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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JPMorgan Chase & Co. (JPM - Free Report) reported $41.93 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.4%. EPS of $4.63 for the same period compares to $4.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $40.9 billion, representing a surprise of +2.52%. The company delivered an EPS surprise of +10.77%, with the consensus EPS estimate being $4.18.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how JPMorgan Chase & Co. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net loan charged-off on Average loans (Total retained loans): 0.6% versus 0.7% estimated by five analysts on average.
Total Interest Earning Assets - Average Balance: $3,445.52 billion compared to the $3,394.57 billion average estimate based on five analysts.
Total Non-Performing Assets: $8.27 billion versus the four-analyst average estimate of $7.66 billion.
Total Non-Performing Loans: $7.68 billion versus the three-analyst average estimate of $6.78 billion.
Revenue- Card & Auto: $6.14 billion versus $6.13 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
Revenue By Line of Business- Home Lending: $1.19 billion versus the two-analyst average estimate of $1.06 billion. The reported number represents a year-over-year change of +64.7%.
Net Revenue- Corporate & Investment Bank- Banking- Investment Banking: $1.99 billion versus the two-analyst average estimate of $1.89 billion.
Net Revenue- Corporate & Investment Bank- Banking- Payments: $2.37 billion versus the two-analyst average estimate of $2.41 billion.
Net Revenue- Corporate & Investment Bank- Banking- Lending: $130 million versus $169.16 million estimated by two analysts on average.
Net Revenue- Corporate & Investment Bank- Total Banking: $4.48 billion compared to the $4.47 billion average estimate based on two analysts.
Net Revenue- Corporate & Investment Bank- Markets & Securities Services- Fixed Income Markets: $5.30 billion versus $4.95 billion estimated by two analysts on average.
Net Revenue- Corporate & Investment Bank- Markets & Securities Services- Equity Markets: $2.69 billion versus the two-analyst average estimate of $2.73 billion.
Shares of JPMorgan Chase & Co. have returned +4% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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JPMorgan Chase & Co. (JPM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
JPMorgan Chase & Co. (JPM - Free Report) reported $41.93 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.4%. EPS of $4.63 for the same period compares to $4.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $40.9 billion, representing a surprise of +2.52%. The company delivered an EPS surprise of +10.77%, with the consensus EPS estimate being $4.18.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how JPMorgan Chase & Co. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net loan charged-off on Average loans (Total retained loans): 0.6% versus 0.7% estimated by five analysts on average.
- Total Interest Earning Assets - Average Balance: $3,445.52 billion compared to the $3,394.57 billion average estimate based on five analysts.
- Total Non-Performing Assets: $8.27 billion versus the four-analyst average estimate of $7.66 billion.
- Total Non-Performing Loans: $7.68 billion versus the three-analyst average estimate of $6.78 billion.
- Revenue- Card & Auto: $6.14 billion versus $6.13 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
- Revenue By Line of Business- Home Lending: $1.19 billion versus the two-analyst average estimate of $1.06 billion. The reported number represents a year-over-year change of +64.7%.
- Net Revenue- Corporate & Investment Bank- Banking- Investment Banking: $1.99 billion versus the two-analyst average estimate of $1.89 billion.
- Net Revenue- Corporate & Investment Bank- Banking- Payments: $2.37 billion versus the two-analyst average estimate of $2.41 billion.
- Net Revenue- Corporate & Investment Bank- Banking- Lending: $130 million versus $169.16 million estimated by two analysts on average.
- Net Revenue- Corporate & Investment Bank- Total Banking: $4.48 billion compared to the $4.47 billion average estimate based on two analysts.
- Net Revenue- Corporate & Investment Bank- Markets & Securities Services- Fixed Income Markets: $5.30 billion versus $4.95 billion estimated by two analysts on average.
- Net Revenue- Corporate & Investment Bank- Markets & Securities Services- Equity Markets: $2.69 billion versus the two-analyst average estimate of $2.73 billion.
View all Key Company Metrics for JPMorgan Chase & Co. here>>>Shares of JPMorgan Chase & Co. have returned +4% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.