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4 Key Predictions for JPMorgan Chase's Q3 Earnings Report
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Monday marked the beginning of the first noticeably busy stretch of Q3 earnings season, and investors are eagerly anticipating several reports from big financial firms later this week. Of these, banking behemoth JPMorgan Chase (JPM - Free Report) is set to deliver one of the most highly anticipated reports before the market opens on October 12.
Q2 earnings season wasn’t too friendly to the major banks, but excitement over the GOP’s proposed tax cuts and anticipation for another rate hike in December has sparked positive momentum as of late. Still, it will be vitally important for the likes of JPMorgan to deliver solid reports if investors want this momentum to continue.
Today, we’ll be taking a closer look at JPMorgan and what investors should expect from the company’s core business segments this quarter. By using our exclusive non-financial metrics file, which contains stock-driving estimates and is based on based on the independent research of expert stock analysts, we’ve found four key estimates for JPM’s report.
Check them out:
Corporate & Investment Banking:
This was one of JPMorgan’s weaker units in its most recent quarter, and the challenges are expected to continue. According to our consensus estimates, this unit is expected to report net revenues of $8.55 billion, down about 9.5% from $9.45 billion in the prior-year quarter. Last quarter, JPMorgan reported a 3% slump in this unit.
Consumer & Community Banking:
Luckily, JPMorgan should make up for its weaknesses with growth in other divisions. For example, according to our consensus estimates, the Consumer & Community Banking unit is expected to report net revenues of $11.69 billion. This result would represent growth of 3.2% year-over-year, which is an improvement over the flat growth witnessed in the most recent quarter.
Asset Management and Commercial Banking:
Our consensus estimates are currently calling for JPMorgan to report net revenues of $3.23 billion in its Asset Management division, up roughly 6% from $3.05 billion in the year-ago period. Similarly, the company is projected to report net revenues of $2.14 billion in its Commercial Banking division, which would represent year-over-year growth of about 14.7%.
These have been JPMorgan’s biggest success stories so far this year. In the previous quarter, the company notched year-over-year growth rates of 9% and 15%, respectively, in these divisions.
As a reminder, these consensus estimates are pulled from our exclusive non-financial metrics consensus estimate file. These estimates are updated daily and are based on the independent research of expert stock analysts. Learn more here>>>
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
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4 Key Predictions for JPMorgan Chase's Q3 Earnings Report
Monday marked the beginning of the first noticeably busy stretch of Q3 earnings season, and investors are eagerly anticipating several reports from big financial firms later this week. Of these, banking behemoth JPMorgan Chase (JPM - Free Report) is set to deliver one of the most highly anticipated reports before the market opens on October 12.
Q2 earnings season wasn’t too friendly to the major banks, but excitement over the GOP’s proposed tax cuts and anticipation for another rate hike in December has sparked positive momentum as of late. Still, it will be vitally important for the likes of JPMorgan to deliver solid reports if investors want this momentum to continue.
(For more on the banking industry as a whole, check out our expanded earning preview: Bank Stocks Earnings Preview: What To Expect From BAC, JPM, C, & WFC)
Today, we’ll be taking a closer look at JPMorgan and what investors should expect from the company’s core business segments this quarter. By using our exclusive non-financial metrics file, which contains stock-driving estimates and is based on based on the independent research of expert stock analysts, we’ve found four key estimates for JPM’s report.
Check them out:
Corporate & Investment Banking:
This was one of JPMorgan’s weaker units in its most recent quarter, and the challenges are expected to continue. According to our consensus estimates, this unit is expected to report net revenues of $8.55 billion, down about 9.5% from $9.45 billion in the prior-year quarter. Last quarter, JPMorgan reported a 3% slump in this unit.
Consumer & Community Banking:
Luckily, JPMorgan should make up for its weaknesses with growth in other divisions. For example, according to our consensus estimates, the Consumer & Community Banking unit is expected to report net revenues of $11.69 billion. This result would represent growth of 3.2% year-over-year, which is an improvement over the flat growth witnessed in the most recent quarter.
Asset Management and Commercial Banking:
Our consensus estimates are currently calling for JPMorgan to report net revenues of $3.23 billion in its Asset Management division, up roughly 6% from $3.05 billion in the year-ago period. Similarly, the company is projected to report net revenues of $2.14 billion in its Commercial Banking division, which would represent year-over-year growth of about 14.7%.
These have been JPMorgan’s biggest success stories so far this year. In the previous quarter, the company notched year-over-year growth rates of 9% and 15%, respectively, in these divisions.
As a reminder, these consensus estimates are pulled from our exclusive non-financial metrics consensus estimate file. These estimates are updated daily and are based on the independent research of expert stock analysts. Learn more here>>>
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>