BUZZ-PREVIEW: JPMorgan seen reporting y/y jump in Q2 EPS, rev
Jpmorgan Chase JPM | 0.00 |
** Shares in JPMorgan JPM.N down ~0.6% in last session ahead of Q2 financial report due out before market open on Tuesday
** Along with events such as the recent SpaceX mega IPO, strong trading and solid growth in advisory fees from M&A deals are all expected to boost second-quarter earnings at Wall Street banks. JPM's investment banking fees could rise 10% or more according to comments from CEO Jamie Dimon at an investor conference in May.
** Analysts on average expect JPM, the biggest U.S. bank, to report adj EPS of $5.78 vs $4.96 year-ago on rev of $50.19 bln which would be almost 10% higher than its Q2 2025 rev of $45.68 bln, which was more than 10% below Q2 2024 levels, according to data gathered by LSEG
** In the last 8 quarters, JPM's EPS and rev beat the Street every time.
** JPM shares last traded at $334.63 vs median PT of $345, up from $338 a month ago, as per LSEG, which shows 26 analyst ratings: 2 'strong buy,' 12 'buy,' and 12 'hold'
** JPM options imply a 3.5% swing for the shares, in either direction by Friday, per Trade Alert data; that's higher than the stock's avg move of 2.4% on the day of results over the last eight qtrs
** YTD shares in JPM are up ~4% vs gain of ~9% for the Dow industrials .DJI and a nearly 7% gain for the S&P 500 bank index .SPXBK
