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JPMorgan Chase & Co. (JPM) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
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In its upcoming report, JPMorgan Chase & Co. (JPM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $5.94 per share, reflecting an increase of 17.2% compared to the same period last year. Revenues are forecasted to be $52.21 billion, representing a year-over-year increase of 12.5%.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some JPMorgan Chase & Co. metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Book value per share' will reach $134.63 . Compared to the current estimate, the company reported $124.96 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Average Balances - Total interest-earning assets' should come in at $4352.63 billion. Compared to the present estimate, the company reported $3895.76 billion in the same quarter last year.
Analysts forecast 'Total nonperforming assets' to reach $11.29 billion. Compared to the current estimate, the company reported $10.64 billion in the same quarter of the previous year.
It is projected by analysts that the 'Total nonaccrual loans' will reach $10.40 billion. The estimate is in contrast to the year-ago figure of $10.11 billion.
The consensus estimate for 'Tier 1 Capital Ratio - Standardized' stands at 15.0%. Compared to the present estimate, the company reported 15.8% in the same quarter last year.
Analysts expect 'Net Interest Income- managed' to come in at $26.84 billion. The estimate compares to the year-ago value of $24.07 billion.
Based on the collective assessment of analysts, 'Noninterest revenue- Investment banking fees' should arrive at $3.04 billion. Compared to the present estimate, the company reported $2.61 billion in the same quarter last year.
The combined assessment of analysts suggests that 'Noninterest revenue- Principal transactions' will likely reach $7.33 billion. Compared to the present estimate, the company reported $7.11 billion in the same quarter last year.
The consensus among analysts is that 'Total Noninterest revenue' will reach $24.74 billion. The estimate is in contrast to the year-ago figure of $22.46 billion.
The average prediction of analysts places 'Net Interest Income' at $26.96 billion. The estimate is in contrast to the year-ago figure of $23.97 billion.
Analysts' assessment points toward 'Noninterest revenue- Card income' reaching $1.24 billion. The estimate is in contrast to the year-ago figure of $1.14 billion.
The collective assessment of analysts points to an estimated 'Noninterest revenue- Lending- and deposit-related fees' of $2.52 billion. Compared to the current estimate, the company reported $2.35 billion in the same quarter of the previous year.
Over the past month, JPMorgan Chase & Co. shares have recorded returns of -7.1% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #3 (Hold), JPM will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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JPMorgan Chase & Co. (JPM) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
In its upcoming report, JPMorgan Chase & Co. (JPM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $5.94 per share, reflecting an increase of 17.2% compared to the same period last year. Revenues are forecasted to be $52.21 billion, representing a year-over-year increase of 12.5%.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some JPMorgan Chase & Co. metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Book value per share' will reach $134.63 . Compared to the current estimate, the company reported $124.96 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Average Balances - Total interest-earning assets' should come in at $4352.63 billion. Compared to the present estimate, the company reported $3895.76 billion in the same quarter last year.
Analysts forecast 'Total nonperforming assets' to reach $11.29 billion. Compared to the current estimate, the company reported $10.64 billion in the same quarter of the previous year.
It is projected by analysts that the 'Total nonaccrual loans' will reach $10.40 billion. The estimate is in contrast to the year-ago figure of $10.11 billion.
The consensus estimate for 'Tier 1 Capital Ratio - Standardized' stands at 15.0%. Compared to the present estimate, the company reported 15.8% in the same quarter last year.
Analysts expect 'Net Interest Income- managed' to come in at $26.84 billion. The estimate compares to the year-ago value of $24.07 billion.
Based on the collective assessment of analysts, 'Noninterest revenue- Investment banking fees' should arrive at $3.04 billion. Compared to the present estimate, the company reported $2.61 billion in the same quarter last year.
The combined assessment of analysts suggests that 'Noninterest revenue- Principal transactions' will likely reach $7.33 billion. Compared to the present estimate, the company reported $7.11 billion in the same quarter last year.
The consensus among analysts is that 'Total Noninterest revenue' will reach $24.74 billion. The estimate is in contrast to the year-ago figure of $22.46 billion.
The average prediction of analysts places 'Net Interest Income' at $26.96 billion. The estimate is in contrast to the year-ago figure of $23.97 billion.
Analysts' assessment points toward 'Noninterest revenue- Card income' reaching $1.24 billion. The estimate is in contrast to the year-ago figure of $1.14 billion.
The collective assessment of analysts points to an estimated 'Noninterest revenue- Lending- and deposit-related fees' of $2.52 billion. Compared to the current estimate, the company reported $2.35 billion in the same quarter of the previous year.
View all Key Company Metrics for JPMorgan Chase & Co. here>>>Over the past month, JPMorgan Chase & Co. shares have recorded returns of -7.1% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #3 (Hold), JPM will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .