JPMorgan Chase’s Upcoming Earnings Breakdown

S&P 500 (NYSE:SPY) component JPMorgan Chase (NYSE:JPM) will unveil its latest earnings this Friday, July 13th, 2012. J.P. Morgan Chase is a global securities, investment banking and retail banking firm with operations worldwide.

JPMorgan Chase Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 81 cents per share, a decline of 36.2 percent 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 $1.19. Between one and three months ago, the average estimate moved down. It also has dropped from 91 cents during the last month. For the year, analysts are projecting profit of $4.30 per share, a decline of 4 percent from last year.

Last quarter, the company came in at net income of $1.31 per share against a mean estimate of profit of $1.17 per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by 2 cents.

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Stock Price Performance: Between April 12, 2012 and July 11, 2012, the stock price fell $9.42 (-21.4 percent), from $44.01 to $34.59. The stock price saw one of its best stretches over the last year between February 24, 2012 and March 2, 2012, when shares rose for six straight days, increasing 6.1 percent (+$2.35) over that span. It saw one of its worst periods between April 2, 2012 and April 10, 2012 when shares fell for six straight days, dropping 6.9 percent (-$3.17) over that span.

Wall St. Revenue Expectations: On average, analysts predict $21.91 billion in revenue this quarter, a decline of 20.1 percent from the year-ago quarter. Analysts are forecasting total revenue of $96.58 billion for the year, a decline of 3.2 percent from last year’s revenue of $99.77 billion.

A Look Back: In the first quarter, profit fell 3.1 percent to $5.38 billion ($1.31 a share) from $5.55 billion ($1.28 a share) the year earlier, but exceeded analyst expectations. Revenue rose 3.4 percent to $29.75 billion from $28.76 billion.

Key Stats:

On the top line, the company is hoping to build on a revenue increase last quarter. Revenue fell 17.6 percent in the fourth quarter of the last fiscal year after increasing in the first quarter.

Analyst Ratings: With 17 analysts rating the stock a buy, two rating it a sell and five rating the stock a hold, there are indications of a bullish stance by analysts.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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