JPMorgan Chase & Co. (JPM) Stock Moves -1.52%: What You Should Know

Zacks
03-04

JPMorgan Chase & Co. (JPM) closed at $260.62 in the latest trading session, marking a -1.52% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 1.76%. On the other hand, the Dow registered a loss of 1.48%, and the technology-centric Nasdaq decreased by 2.64%.

The company's stock has dropped by 0.99% in the past month, falling short of the Finance sector's gain of 0.83% and outpacing the S&P 500's loss of 1.26%.

The investment community will be paying close attention to the earnings performance of JPMorgan Chase & Co. in its upcoming release. The company is slated to reveal its earnings on April 11, 2025. On that day, JPMorgan Chase & Co. is projected to report earnings of $4.54 per share, which would represent a year-over-year decline of 1.94%. Meanwhile, our latest consensus estimate is calling for revenue of $42.92 billion, up 2.34% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $18.13 per share and revenue of $172.6 billion, which would represent changes of -8.2% and -2.79%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for JPMorgan Chase & Co. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.54% higher within the past month. JPMorgan Chase & Co. is currently sporting a Zacks Rank of #1 (Strong Buy).

Investors should also note JPMorgan Chase & Co.'s current valuation metrics, including its Forward P/E ratio of 14.6. This indicates a premium in contrast to its industry's Forward P/E of 14.23.

Meanwhile, JPM's PEG ratio is currently 2.8. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Financial - Investment Bank industry currently had an average PEG ratio of 1.18 as of yesterday's close.

The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 2, putting it in the top 1% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

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