JPMorgan Chase & Co. (JPM) closed at $313.08 in the latest trading session, marking a +1.77% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.54%. On the other hand, the Dow registered a gain of 0.61%, and the technology-centric Nasdaq increased by 0.65%.
Shares of the company have depreciated by 0.58% over the course of the past month, underperforming the Finance sector's gain of 0.28%, and outperforming the S&P 500's loss of 0.8%.
Market participants will be closely following the financial results of JPMorgan Chase & Co. in its upcoming release. It is anticipated that the company will report an EPS of $4.9, marking a 1.87% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $45.39 billion, up 6.14% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $20.24 per share and revenue of $182.45 billion. These totals would mark changes of +2.48% and +2.76%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for JPMorgan Chase & Co. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 0.18% higher. Currently, JPMorgan Chase & Co. is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, JPMorgan Chase & Co. is presently being traded at a Forward P/E ratio of 15.2. Its industry sports an average Forward P/E of 16.7, so one might conclude that JPMorgan Chase & Co. is trading at a discount comparatively.
We can additionally observe that JPM currently boasts a PEG ratio of 1.57. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Financial - Investment Bank industry currently had an average PEG ratio of 1.08 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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JPMorgan Chase & Co. (JPM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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