JPMorgan Chase 2Q Earnings Pregame Scorecard

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Last quarter JPMorgan Chase topped estimates by 14 cents per share, and it is scheduled to report again on Friday.

Expectations

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Analysts currently expect JPMorgan Chase to come in with earnings of 81 cents per share on revenues of $21.91 billion. Analysts gave estimates ranging from 19 cents per share to $1.02 per share. Over the past two months, the average estimate has moved down from $1.26.

Last Quarter's Results

In the first quarter, profit fell 3.1% 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% to $29.75 billion from $28.76 billion.

Stock Ratings

Analysts are bullish on the stock as 17 analysts rate it as a buy and only two analysts rate it as a sell. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Stock Movement

The stock fell $3.78 per share between May 10, 2012 and May 11, 2012. Looking at change over the last three months, April 11, 2012 and July 6, 2012, the stock price fell $10.11 (-23%), from $44.01 to $33.90.

Company Fundamental Trends The company will hope to take advantage of a revenue increase last quarter and build some momentum with the upcoming earnings announcement. After rising in the first quarter, revenue dipped 17.6% in the fourth quarter of the last fiscal year.

Summary

Reporting Period: 2Q

Date of Release: Friday, July 13, 2012

EPS: 81 cents

Revenue Estimate: $21.91 billion