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JPMorgan Chase (JPM) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, JPMorgan Chase (JPM - Free Report) closed at $101.02, marking a +0.65% move from the previous day. This change outpaced the S&P 500's 0.54% gain on the day. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.95%.
Prior to today's trading, shares of the biggest U.S. bank by assets had lost 8.41% over the past month. This has lagged the Finance sector's loss of 6.45% and the S&P 500's loss of 4.97% in that time.
Investors will be hoping for strength from JPM as it approaches its next earnings release, which is expected to be January 11, 2019. In that report, analysts expect JPM to post earnings of $2.23 per share. This would mark year-over-year growth of 26.7%. Meanwhile, our latest consensus estimate is calling for revenue of $27.10 billion, up 12.19% from the prior-year quarter.
JPM's full-year Zacks Consensus Estimates are calling for earnings of $9.25 per share and revenue of $109.73 billion. These results would represent year-over-year changes of +34.64% and +10.14%, respectively.
It is also important to note the recent changes to analyst estimates for JPM. These revisions help to show the ever-changing nature of near-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. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% lower within the past month. JPM currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that JPM has a Forward P/E ratio of 10.85 right now. This valuation marks a premium compared to its industry's average Forward P/E of 10.4.
Also, we should mention that JPM has a PEG ratio of 1.63. 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 1.1 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 41% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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JPMorgan Chase (JPM) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, JPMorgan Chase (JPM - Free Report) closed at $101.02, marking a +0.65% move from the previous day. This change outpaced the S&P 500's 0.54% gain on the day. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.95%.
Prior to today's trading, shares of the biggest U.S. bank by assets had lost 8.41% over the past month. This has lagged the Finance sector's loss of 6.45% and the S&P 500's loss of 4.97% in that time.
Investors will be hoping for strength from JPM as it approaches its next earnings release, which is expected to be January 11, 2019. In that report, analysts expect JPM to post earnings of $2.23 per share. This would mark year-over-year growth of 26.7%. Meanwhile, our latest consensus estimate is calling for revenue of $27.10 billion, up 12.19% from the prior-year quarter.
JPM's full-year Zacks Consensus Estimates are calling for earnings of $9.25 per share and revenue of $109.73 billion. These results would represent year-over-year changes of +34.64% and +10.14%, respectively.
It is also important to note the recent changes to analyst estimates for JPM. These revisions help to show the ever-changing nature of near-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. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% lower within the past month. JPM currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that JPM has a Forward P/E ratio of 10.85 right now. This valuation marks a premium compared to its industry's average Forward P/E of 10.4.
Also, we should mention that JPM has a PEG ratio of 1.63. 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 1.1 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 41% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.