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JPMorgan Chase & Co. (JPM) Increases Yet Falls Behind Market: What Investors Need to Know
JPMJP MORGAN CHASE(JPM) ZACKS·2024-12-23 23:51

Financial Performance - For the full year, earnings are projected at 17.70pershareandrevenueat17.70 per share and revenue at 174.85 billion, reflecting changes of +9.06% and +10.59% from the previous year [1] - The upcoming earnings release is scheduled for January 15, 2025, with an expected EPS of 3.86,indicatinga2.773.86, indicating a 2.77% decrease from the same quarter last year, while revenue is projected at 40.48 billion, up 4.95% year-over-year [10] Stock Performance - JPMorgan Chase & Co. closed at $238.39, with a +0.33% change from the previous day, underperforming the S&P 500 which gained 0.73% [3] - The stock has decreased by 4.41% over the past month, compared to a loss of 2.93% in the Finance sector and a gain of 0.34% in the S&P 500 [5] Valuation Metrics - The current PEG ratio for JPMorgan Chase & Co. is 3.43, significantly higher than the industry average of 1.37 [2] - The company is trading at a Forward P/E ratio of 13.43, which is a discount compared to the industry's average Forward P/E of 16.43 [11] Analyst Ratings and Estimates - The Zacks Rank for JPMorgan Chase & Co. is currently 3 (Hold), with the Zacks Consensus EPS estimate having increased by 0.43% in the past month [6][8] - The Zacks Industry Rank for the Financial - Investment Bank industry is 52, placing it in the top 21% of over 250 industries [9]