JPMorgan Chase & Co. (JPM) ended the recent trading session at $293.55, demonstrating a -1.95% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.57%. Elsewhere, the Dow lost 1.61%, while the tech-heavy Nasdaq lost 0.26%.
Prior to today's trading, shares of the company had lost 5.64% lagged the Finance sector's loss of 2.87% and the S&P 500's loss of 0.15%.
The investment community will be closely monitoring the performance of JPMorgan Chase & Co. in its forthcoming earnings report. The company's upcoming EPS is projected at $5.42, signifying a 6.90% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $47.88 billion, up 5.67% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $21.72 per share and a revenue of $192.63 billion, signifying shifts of +6.78% and +5.58%, respectively, from the last year.
Any recent changes to analyst estimates for JPMorgan Chase & Co. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.65% increase. As of now, JPMorgan Chase & Co. holds a Zacks Rank of #3 (Hold).
In terms of valuation, JPMorgan Chase & Co. is currently trading at a Forward P/E ratio of 13.78. This valuation marks a premium compared to its industry average Forward P/E of 13.43.
We can additionally observe that JPM currently boasts a PEG ratio of 1.24. 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 1.06 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 24, positioning it in the top 10% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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