Which Mega-Bank Stocks Have the Strongest Earnings Trends?
JPMorgan Chase & Co. (NYSE:JPM): Current Price $46.46
|Revenue ($) in millions||101,490||115,630||115,480||110,840||108,180|
|Diluted EPS ($)||1.35||2.26||3.96||4.48||5.20|
Revenue has been falling relentlessly since 2009, but surprise: earnings have grown every year since then.
Let’s take a look at the quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||24,390||29,090||25,130||27,800||26,160|
|Diluted EPS ($)||0.91||1.19||1.21||1.40||1.39|
JP Morgan grew quarterly earnings nicely between December 2011 and September 2012, but December 2012 fell off a bit. We’ll look elsewhere…