JPMorgan Chase Earnings Preview: What to Expect and Analyst Opinions

JPMorgan Chase & Co. (JPM) is gearing up to unveil its third-quarter earnings results before the market opens on Friday, October 11th. Wall Street analysts are anticipating a strong showing from the New York-based financial giant, projecting earnings of $4.01 per share, a slight dip from the $4.33 per share reported in the same period last year. Revenue is expected to climb to $41.66 billion, up from $39.64 billion in the previous year, according to Benzinga Pro data.

Beyond the headline figures, JPMorgan Chase has been making strategic moves. Its asset management arm, J.P. Morgan Asset Management, recently inked a deal with GLMX, a global money market trading platform, to enhance its Morgan Money offering. This partnership aims to bolster the platform’s capabilities and appeal to investors.

JPMorgan shares have shown a positive trajectory, closing at $213.42 on Wednesday, reflecting a 1.3% gain.

As investors anticipate the earnings release, it’s worth delving into the opinions of leading analysts. Benzinga’s most-accurate analysts have expressed a mixed bag of sentiments:

*

Oppenheimer’s Chris Kotowski

remains optimistic, maintaining an

Outperform

rating and hiking the price target from $221 to $234 on October 2nd. This analyst boasts an impressive accuracy rate of 85%.

*

Deutsche Bank’s Matt O’Connor

took a more cautious stance, downgrading the stock from

Buy

to

Hold

with a price target of $235 on September 3rd. This analyst’s accuracy rate stands at 63%.

*

Evercore ISI Group’s Glenn Schorr

expressed bullish sentiment, maintaining an

Outperform

rating and raising the price target from $210 to $211 on July 15th. This analyst has an accuracy rate of 67%.

*

Citigroup’s Keith Horowitz

adopted a neutral approach, maintaining a

Neutral

rating and bumping up the price target from $205 to $215 on July 15th. This analyst’s accuracy rate is 78%.

*

Wells Fargo’s Mike Mayo

remained bullish, upholding an

Overweight

rating and increasing the price target from $220 to $225 on July 15th. This analyst has an accuracy rate of 64%.

The diverse opinions from these analysts underscore the complexities of the current market environment and the need for thorough research before making any investment decisions. As investors await JPMorgan Chase’s third-quarter earnings report, they should carefully consider the company’s recent performance, strategic initiatives, and the consensus among analysts to form their own informed conclusions.