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JPMorgan Chase & Co. (JPM) Outperforms Broader Market: What You Need to Know
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In the latest trading session, JPMorgan Chase & Co. (JPM - Free Report) closed at $362.06, marking a +1.64% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.06%. Elsewhere, the Dow gained 1.18%, while the tech-heavy Nasdaq added 1.4%.
Shares of the company have depreciated by 0.84% over the course of the past month, underperforming the Finance sector's gain of 0.85%, and the S&P 500's gain of 2.46%.
Analysts and investors alike will be keeping a close eye on the performance of JPMorgan Chase & Co. in its upcoming earnings disclosure. On that day, JPMorgan Chase & Co. is projected to report earnings of $5.83 per share, which would represent year-over-year growth of 14.99%. At the same time, our most recent consensus estimate is projecting a revenue of $51.51 billion, reflecting a 10.94% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $24.93 per share and a revenue of $206.63 billion, representing changes of +22.57% and +13.25%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for JPMorgan Chase & Co. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. At present, JPMorgan Chase & Co. boasts a Zacks Rank of #2 (Buy).
With respect to valuation, JPMorgan Chase & Co. is currently being traded at a Forward P/E ratio of 14.29. This valuation marks a discount compared to its industry average Forward P/E of 14.58.
We can additionally observe that JPM currently boasts a PEG ratio of 1.43. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Financial - Investment Bank industry had an average PEG ratio of 1.05.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 32, positioning it in the top 14% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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JPMorgan Chase & Co. (JPM) Outperforms Broader Market: What You Need to Know
In the latest trading session, JPMorgan Chase & Co. (JPM - Free Report) closed at $362.06, marking a +1.64% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.06%. Elsewhere, the Dow gained 1.18%, while the tech-heavy Nasdaq added 1.4%.
Shares of the company have depreciated by 0.84% over the course of the past month, underperforming the Finance sector's gain of 0.85%, and the S&P 500's gain of 2.46%.
Analysts and investors alike will be keeping a close eye on the performance of JPMorgan Chase & Co. in its upcoming earnings disclosure. On that day, JPMorgan Chase & Co. is projected to report earnings of $5.83 per share, which would represent year-over-year growth of 14.99%. At the same time, our most recent consensus estimate is projecting a revenue of $51.51 billion, reflecting a 10.94% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $24.93 per share and a revenue of $206.63 billion, representing changes of +22.57% and +13.25%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for JPMorgan Chase & Co. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. At present, JPMorgan Chase & Co. boasts a Zacks Rank of #2 (Buy).
With respect to valuation, JPMorgan Chase & Co. is currently being traded at a Forward P/E ratio of 14.29. This valuation marks a discount compared to its industry average Forward P/E of 14.58.
We can additionally observe that JPM currently boasts a PEG ratio of 1.43. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Financial - Investment Bank industry had an average PEG ratio of 1.05.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 32, positioning it in the top 14% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.