JPMorgan Chase & Co. Third Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component JPMorgan Chase & Co. (NYSE:JPM) will unveil its latest earnings on Thursday, October 13, 2011. J.P. Morgan Chase is a global securities, investment banking and retail banking firm with operations worldwide.

JPMorgan Chase & Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 98 cents per share, a decline of 3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.20. Between one and three months ago, the average estimate moved up. It has dropped from $1.21 during the last month. Analysts are projecting profit to rise by 18.7% versus last year to $4.70.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting net income of $1.27 per share against a mean estimate of profit of $1.21 per share.

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

Wall St. Revenue Expectations: Analysts are projecting a decline of 2.5% in revenue from the year-earlier quarter to $23.73 billion.

Analyst Ratings: Analysts are bullish on this stock with 22 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the second quarter, profit rose 13.3% to $5.43 billion ($1.27 a share) from $4.79 billion ($1.09 a share) the year earlier, exceeding analyst expectations. Revenue rose 8.7% to $30.57 billion from $28.13 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 67% in the first quarter and 47.4% in the fourth quarter of the last fiscal year.

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 6.6%.

Competitors to Watch: Bank of America Corp. (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), Goldman Sachs Group, Inc. (NYSE:GS), Deutsche Bank AG (NYSE:DB), Morgan Stanley (NYSE:MS), U.S. Bancorp (NYSE:USB), SunTrust Banks, Inc. (NYSE:STI), UBS AG (NYSE:UBS), and KeyCorp (NYSE:KEY).

Stock Price Performance: During July 14, 2011 to October 7, 2011, the stock price had fallen $9.30 (-23.3%) from $40 to $30.70. The stock price saw one of its best stretches over the last year between March 22, 2011 and March 30, 2011 when shares rose for seven-straight days, rising 2.2% (+96 cents) over that span. It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six-straight days, falling 13.4% (-$4.50) over that span. Shares are down $10.82 (-26.1%) year to date.

(Source: Xignite Financials)

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

 

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