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JPMorgan Chase & Co. (JPM) Registers a Bigger Fall Than the Market: Important Facts to Note
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The latest trading session saw JPMorgan Chase & Co. (JPM - Free Report) ending at $238.36, denoting a -0.51% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 0.39%. Meanwhile, the Dow experienced a drop of 0.61%, and the technology-dominated Nasdaq saw a decrease of 0.32%.
The company's shares have seen a decrease of 2.22% over the last month, not keeping up with the Finance sector's gain of 0.19% and the S&P 500's gain of 3.6%.
The investment community will be paying close attention to the earnings performance of JPMorgan Chase & Co. in its upcoming release. The company is slated to reveal its earnings on January 15, 2025. The company's upcoming EPS is projected at $3.82, signifying a 3.78% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $40.24 billion, reflecting a 4.31% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.62 per share and a revenue of $174.79 billion, indicating changes of +8.56% and +10.56%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for JPMorgan Chase & Co. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% decrease. JPMorgan Chase & Co. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, JPMorgan Chase & Co. is presently being traded at a Forward P/E ratio of 13.6. This indicates a discount in contrast to its industry's Forward P/E of 17.23.
Investors should also note that JPM has a PEG ratio of 3.48 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Investment Bank industry had an average PEG ratio of 1.48 as trading concluded yesterday.
The Financial - Investment Bank industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 49, finds itself in the top 20% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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JPMorgan Chase & Co. (JPM) Registers a Bigger Fall Than the Market: Important Facts to Note
The latest trading session saw JPMorgan Chase & Co. (JPM - Free Report) ending at $238.36, denoting a -0.51% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 0.39%. Meanwhile, the Dow experienced a drop of 0.61%, and the technology-dominated Nasdaq saw a decrease of 0.32%.
The company's shares have seen a decrease of 2.22% over the last month, not keeping up with the Finance sector's gain of 0.19% and the S&P 500's gain of 3.6%.
The investment community will be paying close attention to the earnings performance of JPMorgan Chase & Co. in its upcoming release. The company is slated to reveal its earnings on January 15, 2025. The company's upcoming EPS is projected at $3.82, signifying a 3.78% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $40.24 billion, reflecting a 4.31% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.62 per share and a revenue of $174.79 billion, indicating changes of +8.56% and +10.56%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for JPMorgan Chase & Co. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% decrease. JPMorgan Chase & Co. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, JPMorgan Chase & Co. is presently being traded at a Forward P/E ratio of 13.6. This indicates a discount in contrast to its industry's Forward P/E of 17.23.
Investors should also note that JPM has a PEG ratio of 3.48 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Financial - Investment Bank industry had an average PEG ratio of 1.48 as trading concluded yesterday.
The Financial - Investment Bank industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 49, finds itself in the top 20% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.