JP Morgan Chase kicks off earnings season with Q4 results

What's Happening With JPM View more about JPM >

Banking giant JP Morgan Chase (JPM) will kick off the new earnings season with its fourth-quarter report on January 15. The company will report before the market open with the consensus calling for earnings of $2.20 per share. During the same period last year the company earned $1.76 during the same period last year and the stock is down 5.5% since the end of June.

Technical Analysis

JPM was recently trading at $99.67 down $19.66 from its 12-month high and $8.56 above its 12-month low. InvestorsObserver’s Stock Score Report gives JPM a 55 long-term technical score and a 42 short-term technical score. The stock has recent support above $91 and recent resistance below $102. Of the 15 analysts who cover the stock 7 rate it Strong Buy, 1 rate it Buy, 7 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, JPM gets a score of 54 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

JP Morgan and its biggest rival Wells Fargo will get the earnings season under way with their quarterly reports. With so much concern over a possible looming recession the bank stocks will be of particular interest to Wall Street and their quarterly results will have a ripple effect across the entire market. Bank stocks thrived as interest rates started to rise, but investors have become increasingly concerned over the state of the housing market, and international economies feeling the pinch of the trade wars the U.S. is waging against a flurry of nations, most notably China. JPM hit bottom in late December and has started to erase some of its recent losses, but for the stock to really build on its current momentum not only will JP Morgan need to show strong numbers, but traders will look for strength in all the major financials that report early in the season. The street is expecting a small earnings beat with a whisper number of $2.22 for the quarter, so traders will want to see at least that number and positive reports from Wells Fargo, Citigroup, Bank of America, U.S. Bancorp and Goldman Sachs… all of which also report this week. The stock is trading at 10 times future earnings and analysts have an average price target of $119.69 on the stock.

About JP Morgan Chase & Co.

JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.

  • Last Price:
  • Previous Close:
  • Change:
    $0.28 (0.26%)
  • Open:
  • Volume:
  • Average Volume (100 Day):
  • Market Capitalization:
    $356.3 B
  • Day's Range:
    $108.63 - $110.30
  • Dividend Yield:
  • 52-week Range:
    $119 - $91.11
  • P-E:
  • EPS:
  • Earnings Date:
  • Ex Dividend Date:
  • Sector:
    Financial Services
  • Industry:
    Banks - Global
  • Analyst Average Recommendation:
    Moderate Buy

Already a member?

Login to see your Stocks to Watch Trade Ideas.

Not yet a member?

Receive a Morning Action trade idea every market day in the Morning Update, plus Stocks to Watch Trade Ideas every Saturday.

Become A Member