We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
JPMorgan Chase & Co. (JPM - Free Report) closed at $317.26 in the latest trading session, marking a +2.31% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.21%. On the other hand, the Dow registered a gain of 1.35%, and the technology-centric Nasdaq decreased by 0.26%.
Shares of the company have depreciated by 3.21% over the course of the past month, underperforming the Finance sector's gain of 1.99%, and the S&P 500's gain of 0.89%.
The investment community will be closely monitoring the performance of JPMorgan Chase & Co. in its forthcoming earnings report. The company is predicted to post an EPS of $4.93, indicating a 2.49% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $45.39 billion, indicating a 6.14% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $20.28 per share and a revenue of $182.45 billion, representing changes of +2.68% and +2.76%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for JPMorgan Chase & Co. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. Currently, JPMorgan Chase & Co. is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, JPMorgan Chase & Co. is holding a Forward P/E ratio of 15.3. This indicates a discount in contrast to its industry's Forward P/E of 18.19.
It is also worth noting that JPM currently has a PEG ratio of 1.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Financial - Investment Bank industry stood at 1.17 at the close of the market yesterday.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 17, positioning it in the top 7% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
JPMorgan Chase & Co. (JPM) Beats Stock Market Upswing: What Investors Need to Know
JPMorgan Chase & Co. (JPM - Free Report) closed at $317.26 in the latest trading session, marking a +2.31% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.21%. On the other hand, the Dow registered a gain of 1.35%, and the technology-centric Nasdaq decreased by 0.26%.
Shares of the company have depreciated by 3.21% over the course of the past month, underperforming the Finance sector's gain of 1.99%, and the S&P 500's gain of 0.89%.
The investment community will be closely monitoring the performance of JPMorgan Chase & Co. in its forthcoming earnings report. The company is predicted to post an EPS of $4.93, indicating a 2.49% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $45.39 billion, indicating a 6.14% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $20.28 per share and a revenue of $182.45 billion, representing changes of +2.68% and +2.76%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for JPMorgan Chase & Co. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. Currently, JPMorgan Chase & Co. is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, JPMorgan Chase & Co. is holding a Forward P/E ratio of 15.3. This indicates a discount in contrast to its industry's Forward P/E of 18.19.
It is also worth noting that JPM currently has a PEG ratio of 1.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Financial - Investment Bank industry stood at 1.17 at the close of the market yesterday.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 17, positioning it in the top 7% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.