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JPMorgan Chase & Co. (JPM) Dips More Than Broader Markets: What You Should Know
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JPMorgan Chase & Co. (JPM - Free Report) closed the most recent trading day at $131.25, moving -1.8% from the previous trading session. This change lagged the S&P 500's 0.15% loss on the day. Elsewhere, the Dow lost 0.28%, while the tech-heavy Nasdaq added 3.16%.
Prior to today's trading, shares of the company had lost 5.24% over the past month. This has was narrower than the Finance sector's loss of 8.03% and the S&P 500's loss of 5.39% in that time.
Investors will be hoping for strength from JPMorgan Chase & Co. as it approaches its next earnings release, which is expected to be April 14, 2023. On that day, JPMorgan Chase & Co. is projected to report earnings of $3.44 per share, which would represent year-over-year growth of 30.8%. Meanwhile, our latest consensus estimate is calling for revenue of $36.05 billion, up 17.36% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.90 per share and revenue of $141.35 billion. These totals would mark changes of +6.7% and +9.83%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for JPMorgan Chase & Co.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.3% higher. JPMorgan Chase & Co. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, JPMorgan Chase & Co. currently has a Forward P/E ratio of 10.36. This valuation marks a premium compared to its industry's average Forward P/E of 8.13.
Investors should also note that JPM has a PEG ratio of 2.07 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. JPM's industry had an average PEG ratio of 1.25 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 37% 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.
To follow JPM in the coming trading sessions, be sure to utilize Zacks.com.
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JPMorgan Chase & Co. (JPM) Dips More Than Broader Markets: What You Should Know
JPMorgan Chase & Co. (JPM - Free Report) closed the most recent trading day at $131.25, moving -1.8% from the previous trading session. This change lagged the S&P 500's 0.15% loss on the day. Elsewhere, the Dow lost 0.28%, while the tech-heavy Nasdaq added 3.16%.
Prior to today's trading, shares of the company had lost 5.24% over the past month. This has was narrower than the Finance sector's loss of 8.03% and the S&P 500's loss of 5.39% in that time.
Investors will be hoping for strength from JPMorgan Chase & Co. as it approaches its next earnings release, which is expected to be April 14, 2023. On that day, JPMorgan Chase & Co. is projected to report earnings of $3.44 per share, which would represent year-over-year growth of 30.8%. Meanwhile, our latest consensus estimate is calling for revenue of $36.05 billion, up 17.36% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.90 per share and revenue of $141.35 billion. These totals would mark changes of +6.7% and +9.83%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for JPMorgan Chase & Co.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.3% higher. JPMorgan Chase & Co. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, JPMorgan Chase & Co. currently has a Forward P/E ratio of 10.36. This valuation marks a premium compared to its industry's average Forward P/E of 8.13.
Investors should also note that JPM has a PEG ratio of 2.07 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. JPM's industry had an average PEG ratio of 1.25 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 37% 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.
To follow JPM in the coming trading sessions, be sure to utilize Zacks.com.