Financial News

JPMorgan Chase (JPM) To Report Earnings Tomorrow: Here Is What To Expect

JPM Cover Image

Global financial services giant JPMorgan Chase (NYSE: JPM) will be reporting results this Tuesday morning. Here’s what to expect.

JPMorgan Chase beat analysts’ revenue expectations by 5.6% last quarter, reporting revenues of $46.01 billion, up 9.7% year on year. It was a strong quarter for the company, with a decent beat of analysts’ EPS estimates and tangible book value per share in line with analysts’ estimates.

Is JPMorgan Chase a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting JPMorgan Chase’s revenue to decline 13.1% year on year to $43.61 billion, a reversal from the 21.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.48 per share.

JPMorgan Chase Total Revenue

Heading into earnings, analysts covering the company have mixed opinions about the business, with revenue estimates seeing 6 upward and 3 downward revisions over the last 30 days. JPMorgan Chase has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.2% on average.

With JPMorgan Chase being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 10.3% on average over the last month. JPMorgan Chase is up 6.2% during the same time and is heading into earnings with an average analyst price target of $291.54 (compared to the current share price of $287).

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