* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, August 25, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

Is JPMorgan (JPM) a Strong Buy Ahead of Earnings?

April 8, 2024
in General
Is JPMorgan (JPM) a Strong Buy Ahead of Earnings?
Share on FacebookShare on Twitter

JPMorgan & Chase (JPM), America’s largest bank by assets, will publish its first-quarter earnings on April 12. The bank is expected to report revenue and earnings growth over the prior-year quarter. Therefore, is the stock a strong buy ahead of its earnings? Read on to learn my view.

JPMorgan Chase & Co. (JPM) is scheduled to report its first-quarter results on April 12. Wall Street expects the bank to post higher revenue and earnings in the first quarter. With interest rates at their highest level in 22 years, investors would be interested to know how it has impacted the banks’ financial performance.

With JPM’s earnings expected shortly, I have discussed why waiting for an opportune entry point in the stock could be wise.

For the first quarter, JPM’s EPS and revenue are expected to increase 0.6% and 8.8% year-over-year to $4.13 and $41.72 billion, respectively. The company has a solid earnings history, beating the consensus estimate in three of the trailing four quarters. Fiscal 2023 was a record-breaking year for the bank, as its net income and net interest income set new records.

In a statement, JPM’s CEO Jamie Dimon, said, “The U.S. economy continues to be resilient, with consumers still spending, and markets currently expect a soft landing. It is important to note that the economy is being fueled by large amounts of government deficit spending and past stimulus. This may lead inflation to be stickier and rats to be higher than markets expect.”

For fiscal 2024, JPM expects net-interest income excluding markets of about $88 billion, which is higher than analysts’ estimates of $86.50 billion. KBW analyst Chris McGratty expects the bank to boost its net interest income forecast to $91.10 billion from $90 billion, while the analyst consensus estimate is $90.70 billion.

JPM’s stock has gained 14.6% over the past three months and 54.7% over the past year to close the last trading session at $197.45.

Here’s what you might want to consider ahead of its upcoming earnings release:

Mixed Financials

JPM’s net income for the fourth quarter ended December 31, 2023, declined 15.5% year-over-year to $9.31 billion. In addition, its EPS came in at $3.04, representing a decrease of 14.8% year-over-year. Its return on common equity (ROE) was 12%, compared to 16% in the year-ago quarter. In addition, its provision for credit losses increased 20.7% year-over-year to $2.76 billion.

On the other hand, its total net revenue – reported increased 11.7% year-over-year to $38.57 billion. The company’s net interest income rose 19.1% over the prior-year quarter to $24.05 billion. Its CET1 ratio was 15%, compared to 13.2% in the prior-year quarter.

For the fiscal year ended December 31, 2023, JPM’s total net revenue rose 22.9% year-over-year to $158.10 billion. Its net interest income increased 33.8% over the prior-year period to $89.27 billion. The company’s net income increased 31.5% year-over-year to $49.55 billion. Also, its EPS came in at $16.23, representing an increase of 34.2% year-over-year. In addition, its return on common equity (ROE) was 17%, compared to 14% in the year-ago quarter.

On the other hand, its provision for credit losses rose 45.9% year-over-year to $9.32 billion.

Mixed Analyst Estimates

Analysts expect JPM’s EPS for fiscal 2024 to decline 1.9% year-over-year to $15.92. Its revenue for fiscal 2024 is expected to increase 3.1% year-over-year to $162.98 billion. Its EPS and revenue for fiscal 2025 are expected to increase 1.7% and 0.4% year-over-year to $16.19 and $163.64 billion, respectively.

High Profitability

In terms of the trailing-12-month net income margin, JPM’s 33.94% is 43.9% higher than the 23.59% industry average. Likewise, its 16.89% trailing-12-month Return on Common Equity is 54.5% higher than the industry average of 10.94%. Furthermore, the stock’s 1.28% trailing-12-month Return on Total Assets is 17.7% higher than the industry average of 1.09%.

Stretched Valuation

In terms of forward Price/Sales, JPM’s 3.49x is 39.9% higher than the 2.49x industry average. Its 1.73x forward Price/Book is 66.9% higher than the 1.04x industry average. Additionally, its 3.10x forward non-GAAP PEG is 135.5% higher than the 1.32x industry average.

POWR Ratings Reflect Uncertainty

JPM has an overall rating of C, equating to a Neutral in our POWR Ratings system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.

Our proprietary rating system also evaluates each stock based on eight distinct categories. JPM has a D grade for Value, consistent with its stretched valuation. Its stock is trading below its 10-day moving average but above its 200-day moving average, justifying its C grade for Momentum.

It has a C grade for Sentiment, in sync with its mixed analyst estimates.

JPM is ranked #2 out of 9 stocks in the Money Center Banks industry. Click here to access JPM’s Growth, Stability, and Quality ratings.

Bottom Line

Despite the challenging operating environment, JPM’s earnings and revenue are expected to beat analyst estimates in the first quarter. The bank’s fiscal 2024 prospects appear promising due to the higher-than-expected net interest income forecast. While deal-making shows signs of picking up, the timeline for normalizing M&A activity remains uncertain.

Moreover, the central bank’s three interest rate cuts expected this year will likely decrease the bank’s net interest income compared to last year. Taking out the strong loan growth expected in Card, the bank expects loan growth to be muted this year.

Given the uncertainty surrounding the banking sector and JPM’s mixed momentum and sentiment, it could be wise to wait for a better entry point in the stock.

How Does JPMorgan Chase & Co. (JPM) Stack Up Against Its Peers?

JPM has an overall POWR Rating of C, equating to a Neutral rating. You may check out these A and B-rated stocks within the Foreign Banks industry: Banco Macro S.A. (BMA), Banco Santander, S.A. (SAN), and Nedbank Group Limited (NDBKY). For exploring more Buy-rated Foreign Banks stocks, click here.

What To Do Next?

43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.

2024 Stock Market Outlook>

JPM shares rose $0.54 (+0.27%) in premarket trading Monday. Year-to-date, JPM has gained 17.48%, versus a 9.41% rise in the benchmark S&P 500 index during the same period.

About the Author: Dipanjan Banchur

Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master’s degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.

More…

The post Is JPMorgan (JPM) a Strong Buy Ahead of Earnings? appeared first on StockNews.com

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Entrepreneur.com – https://www.entrepreneur.com/finance/is-jpmorgan-jpm-a-strong-buy-ahead-of-earnings/472353

Previous Post

Scale Your Content Output with Write Bot — Now Just $40

Next Post

3 Oil Stocks to Watch for Returns in April

Pressured researchers in ecology and conservation demand support to guarantee fair interactions with stakeholders – ScienceDirect.com

Pressured researchers in ecology and conservation demand support to guarantee fair interactions with stakeholders – ScienceDirect.com

August 25, 2025
What moving averages say about Genenta Science S.p.A. Depositary Receipt – Stop Loss & Technical Pattern Based Signals – Newser

What Moving Averages Reveal About Genenta Science S.p.A.: Key Stop Loss Strategies and Technical Patterns Uncovered

August 25, 2025
Asking Eric: My partner’s unhealthy lifestyle is killing our relationship – MassLive

How My Partner’s Unhealthy Habits Are Driving a Wedge Between Us

August 25, 2025
Ten upcoming sports stadiums where technology takes to the field – Dezeen

10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

August 25, 2025
WEATHER REPORT: Notre Dame Fighting Irish VS Miami Hurricanes – Yahoo Sports

Epic Showdown Ahead: Notre Dame Fighting Irish Clash with Miami Hurricanes

August 25, 2025
Dengue – World Health Organization (WHO)

Dengue – World Health Organization (WHO)

August 25, 2025
5 Years On, China’s Property Crisis Has No End in Sight – The New York Times

Five Years Later, China’s Property Crisis Shows No Signs of Easing

August 25, 2025
‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

August 25, 2025
State regulators approve sharp health insurance rate increases – Insurance Business America

State Regulators Greenlight Steep Health Insurance Rate Hikes

August 25, 2025
Pols & Politics: Audit finds Mass. government fraudulent spending nearly doubled in Q4 – Boston Herald

Pols & Politics: Audit finds Mass. government fraudulent spending nearly doubled in Q4 – Boston Herald

August 25, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (789)
  • Economy (809)
  • Entertainment (21,688)
  • General (16,662)
  • Health (9,849)
  • Lifestyle (822)
  • News (22,149)
  • People (810)
  • Politics (818)
  • Science (16,020)
  • Sports (21,308)
  • Technology (15,790)
  • World (790)

Recent News

Pressured researchers in ecology and conservation demand support to guarantee fair interactions with stakeholders – ScienceDirect.com

Pressured researchers in ecology and conservation demand support to guarantee fair interactions with stakeholders – ScienceDirect.com

August 25, 2025
What moving averages say about Genenta Science S.p.A. Depositary Receipt – Stop Loss & Technical Pattern Based Signals – Newser

What Moving Averages Reveal About Genenta Science S.p.A.: Key Stop Loss Strategies and Technical Patterns Uncovered

August 25, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version