JPMorgan Chase's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
JPMorgan Chase (NYSE:JPM) is expected to release its quarterly earnings report on January 12, 2024, with an estimated EPS of $3.46. Investors are looking for an earnings beat and positive guidance for future growth. Historically, JPMorgan Chase's stock price has shown varied reactions to past earnings performances, with changes ranging from a drop of 0.0% to an increase of 7.55% the following day. Currently, shares are trading at $171.02, up 19.08% over the last 52 weeks. The upcoming earnings report could influence the stock's short-term performance.
January 11, 2024 | 2:00 pm
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JPMorgan Chase is anticipated to report quarterly earnings with an estimated EPS of $3.46. The stock's reaction may hinge on whether the company beats this estimate and provides positive future guidance. Shares have been performing well, with a 19.08% increase over the past year.
The short-term impact on JPMorgan Chase's stock will likely depend on the actual earnings reported compared to the estimated EPS of $3.46 and the forward guidance provided. Historically, the stock has shown both positive and negative reactions to earnings reports, making it difficult to predict the direction with high certainty. However, the overall positive trend over the past year suggests a favorable investor sentiment that could mitigate negative impacts if earnings meet or exceed expectations.
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IMPORTANCE 90
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