The company posted double-digit gains in its first quarter, but investors were disquieted by another number.Powerful bank JPMorgan Chase (JPM -0.02%) is also quite a powerful investment. According to one analyst, the company's shares can easily produce a double-digit return. Read on to get his take on this ever-prominent American lender.A bullish take on a bearish dayIn some respects, the timing is off for a bullish take on JPMorgan Chase. After all, this particular analyst report came mere hours after the ...

Investors panicked following disappointing 2024 guidance. They're not seeing the bigger picture.The stock's setback last week makes enough sense on the surface. In defiance of expectations, JPMorgan Chase (JPM -6.47%) didn't raise its 2024 revenue guidance with its first-quarter results posted on Friday. Shares subsequently tumbled to the tune of 6%, extending a sell-off that's been underway since late March. JPMorgan stock is now down 8% from that peak.The proverbial glass isn't half-empty, however. It's h ...

Sundry Photography JPMorgan Chase & Co. (NYSE:JPM) had a stock price reaction that one would not normally expect for such a good earnings report. Then again, Mr. Market has been in a sour mood lately as less and less stocks move upward in what is typically the final leg of a bull market. Many sectors are already correcting as a result even though this is supposedly still a bull market. JPMorgan is likely the Cadillac of the banking industry. But even a premium idea like this is not immune to environment ...

JPMorgan Chase & Co. (NYSE:JPM) Q1 2024 Earnings Conference Call April 12, 2024 8:30 AM ET Company Participants Jamie Dimon - Chairman & Chief Executive Officer Jeremy Barnum - Chief Financial Officer Conference Call Participants Betsy Graseck - Morgan Stanley Jim Mitchell - Seaport Global John McDonald - Autonomous Research Ebrahim Poonawala - Bank of America Erika Najarian - UBS Ken Usdin - Jefferies Mike Mayo - Wells Fargo Glenn Schorr - Evercore Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Capital ...

Chase Bank may soon pay you more interest on your deposits. And this is bad news?Stock of JPMorgan Chase & Co. (JPM -5.33%) -- America's biggest bank both by revenue and by market cap -- is tumbling on Friday, down 5.8% through 11:05 a.m. ET despite the bank reporting big beats on both revenue and earnings for its first quarter of fiscal 2024.Heading into the quarter, analysts had JPMorgan pegged for a $3.82-per-share profit on revenue of $38.5 billion. But then the bank reported profits of $4.63 per share ...

Consumers are still spending, but JPMorgan CEO Jamie Dimon, in remarks accompanying the banking giant’s latest earnings Friday (April 12), detailed concerns over inflation’s impact.And “persistent inflation pressures,” as he termed them, among other factors, will be unpredictable.As Dimon stated in the earnings release, “we have never truly experienced the full effect of quantitative tightening on this scale. We do not know how these factors will play out, but we must prepare the firm for a wide range of po ...

JPMorgan Chase continued to warn investors Friday that it expects an “uncertain” year for markets and the global economy, citing stubbornly high inflation and ongoing geopolitical tensions.The remarks came as JPMorgan — as well as its major competitors Citigroup and Wells Fargo — reported their first quarter results. JPMorgan had a modest 6% rise in the first quarter while Wells Fargo reported a decline in profit versus a year ago, although the result beat Wall Street’s expectations. Citigroup’s earnings al ...

JPMorgan Chase & Co (NYSE:JPM) broke the seal of another earnings season today. The bank name surpassed first-quarter earnings and revenue expectations, but noted net interest income could miss analysts' estimates for 2024. Shares are down 5% to trade at $185.68 at last check, making now an excellent opportunity for investors to buy the dip.The security is taking a breather from an April 1, all-time high of $200.78, on track for a fourth-straight daily loss and worst day since March 2023. The 60-day moving ...

JPMorgan Chase & Co. (JPM) reported $41.93 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.4%. EPS of $4.63 for the same period compares to $4.10 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $40.9 billion, representing a surprise of +2.52%. The company delivered an EPS surprise of +10.77%, with the consensus EPS estimate being $4.18.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

The financial sector encompasses a broad range of institutions, including banks, investment funds, insurance companies, and brokerage firms. Banks form the core of this sector, offering essential services such as lending, deposit holding, and asset management. They play a pivotal role in the economy by facilitating payments, extending credit, and managing risk. Investing in bank stocks is often seen as a reflection of the overall health of the economy, as these institutions are closely tied to economic cycl ...