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JPMorgan Chase & Co. (JPM) Exceeds Market Returns: Some Facts to Consider
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In the latest close session, JPMorgan Chase & Co. (JPM - Free Report) was up +1.48% at $300.96. This change outpaced the S&P 500's 0.13% gain on the day. Elsewhere, the Dow saw an upswing of 0.45%, while the tech-heavy Nasdaq appreciated by 0.03%.
Heading into today, shares of the company had lost 3.6% over the past month, lagging the Finance sector's gain of 0.68% and the S&P 500's gain of 5.25%.
Analysts and investors alike will be keeping a close eye on the performance of JPMorgan Chase & Co. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $5.39, signifying a 8.67% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $48.01 billion, up 6.9% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $22.4 per share and revenue of $195.23 billion. These totals would mark changes of +10.13% and +7%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for JPMorgan Chase & Co. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% lower. As of now, JPMorgan Chase & Co. holds a Zacks Rank of #3 (Hold).
With respect to valuation, JPMorgan Chase & Co. is currently being traded at a Forward P/E ratio of 13.24. This expresses a premium compared to the average Forward P/E of 12.79 of its industry.
One should further note that JPM currently holds a PEG ratio of 1.45. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Financial - Investment Bank was holding an average PEG ratio of 0.9 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 39% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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JPMorgan Chase & Co. (JPM) Exceeds Market Returns: Some Facts to Consider
In the latest close session, JPMorgan Chase & Co. (JPM - Free Report) was up +1.48% at $300.96. This change outpaced the S&P 500's 0.13% gain on the day. Elsewhere, the Dow saw an upswing of 0.45%, while the tech-heavy Nasdaq appreciated by 0.03%.
Heading into today, shares of the company had lost 3.6% over the past month, lagging the Finance sector's gain of 0.68% and the S&P 500's gain of 5.25%.
Analysts and investors alike will be keeping a close eye on the performance of JPMorgan Chase & Co. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $5.39, signifying a 8.67% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $48.01 billion, up 6.9% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $22.4 per share and revenue of $195.23 billion. These totals would mark changes of +10.13% and +7%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for JPMorgan Chase & Co. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% lower. As of now, JPMorgan Chase & Co. holds a Zacks Rank of #3 (Hold).
With respect to valuation, JPMorgan Chase & Co. is currently being traded at a Forward P/E ratio of 13.24. This expresses a premium compared to the average Forward P/E of 12.79 of its industry.
One should further note that JPM currently holds a PEG ratio of 1.45. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Financial - Investment Bank was holding an average PEG ratio of 0.9 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 39% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.