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JPMorgan Chase & Co. (JPM) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, JPMorgan Chase & Co. (JPM - Free Report) closed at $149.12, marking a +0.21% move from the previous day. This change outpaced the S&P 500's 0.07% gain on the day. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq gained 0.01%.
Coming into today, shares of the company had lost 0.11% in the past month. In that same time, the Finance sector gained 1.7%, while the S&P 500 gained 0.38%.
Investors will be hoping for strength from JPMorgan Chase & Co. as it approaches its next earnings release, which is expected to be October 13, 2023. The company is expected to report EPS of $3.81, up 22.12% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $39.02 billion, up 19.26% from the year-ago period.
JPM's full-year Zacks Consensus Estimates are calling for earnings of $15.79 per share and revenue of $157.16 billion. These results would represent year-over-year changes of +30.6% and +22.12%, respectively.
It is also important to note the recent changes to analyst estimates for JPMorgan Chase & Co.Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.49% higher. JPMorgan Chase & Co. is currently a Zacks Rank #3 (Hold).
Digging into valuation, JPMorgan Chase & Co. currently has a Forward P/E ratio of 9.42. Its industry sports an average Forward P/E of 8.47, so we one might conclude that JPMorgan Chase & Co. is trading at a premium comparatively.
Meanwhile, JPM's PEG ratio is currently 1.88. 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 was holding an average PEG ratio of 1.45 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, JPMorgan Chase & Co. (JPM - Free Report) closed at $149.12, marking a +0.21% move from the previous day. This change outpaced the S&P 500's 0.07% gain on the day. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq gained 0.01%.
Coming into today, shares of the company had lost 0.11% in the past month. In that same time, the Finance sector gained 1.7%, while the S&P 500 gained 0.38%.
Investors will be hoping for strength from JPMorgan Chase & Co. as it approaches its next earnings release, which is expected to be October 13, 2023. The company is expected to report EPS of $3.81, up 22.12% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $39.02 billion, up 19.26% from the year-ago period.
JPM's full-year Zacks Consensus Estimates are calling for earnings of $15.79 per share and revenue of $157.16 billion. These results would represent year-over-year changes of +30.6% and +22.12%, respectively.
It is also important to note the recent changes to analyst estimates for JPMorgan Chase & Co.Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.49% higher. JPMorgan Chase & Co. is currently a Zacks Rank #3 (Hold).
Digging into valuation, JPMorgan Chase & Co. currently has a Forward P/E ratio of 9.42. Its industry sports an average Forward P/E of 8.47, so we one might conclude that JPMorgan Chase & Co. is trading at a premium comparatively.
Meanwhile, JPM's PEG ratio is currently 1.88. 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 was holding an average PEG ratio of 1.45 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.