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JPMorgan Chase (JPM) Gains But Lags Market: What You Should Know
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JPMorgan Chase (JPM - Free Report) closed at $104.35 in the latest trading session, marking a +1.3% move from the prior day. This change lagged the S&P 500's 1.47% gain on the day. At the same time, the Dow added 0.79%, and the tech-heavy Nasdaq gained 2.02%.
Coming into today, shares of the biggest U.S. bank by assets had gained 0.62% in the past month. In that same time, the Finance sector gained 0.38%, while the S&P 500 gained 1.5%.
Wall Street will be looking for positivity from JPM as it approaches its next earnings report date. In that report, analysts expect JPM to post earnings of $2.35 per share. This would mark a year-over-year decline of 0.84%. Our most recent consensus estimate is calling for quarterly revenue of $28.69 billion, up 2.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.73 per share and revenue of $114.91 billion. These totals would mark changes of +8.11% and +5.39%, respectively, from last year.
Any recent changes to analyst estimates for JPM should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.08% lower. JPM is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that JPM has a Forward P/E ratio of 10.58 right now. Its industry sports an average Forward P/E of 10.75, so we one might conclude that JPM is trading at a discount comparatively.
It is also worth noting that JPM currently has a PEG ratio of 1.59. 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 Banks - Major Regional industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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 (JPM) Gains But Lags Market: What You Should Know
JPMorgan Chase (JPM - Free Report) closed at $104.35 in the latest trading session, marking a +1.3% move from the prior day. This change lagged the S&P 500's 1.47% gain on the day. At the same time, the Dow added 0.79%, and the tech-heavy Nasdaq gained 2.02%.
Coming into today, shares of the biggest U.S. bank by assets had gained 0.62% in the past month. In that same time, the Finance sector gained 0.38%, while the S&P 500 gained 1.5%.
Wall Street will be looking for positivity from JPM as it approaches its next earnings report date. In that report, analysts expect JPM to post earnings of $2.35 per share. This would mark a year-over-year decline of 0.84%. Our most recent consensus estimate is calling for quarterly revenue of $28.69 billion, up 2.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.73 per share and revenue of $114.91 billion. These totals would mark changes of +8.11% and +5.39%, respectively, from last year.
Any recent changes to analyst estimates for JPM should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.08% lower. JPM is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that JPM has a Forward P/E ratio of 10.58 right now. Its industry sports an average Forward P/E of 10.75, so we one might conclude that JPM is trading at a discount comparatively.
It is also worth noting that JPM currently has a PEG ratio of 1.59. 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 Banks - Major Regional industry currently had an average PEG ratio of 1.26 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 164, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.