JPMorgan Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
JPMorgan Chase & Co. (JPM) is set to release its Q1 earnings on April 12, 2024, with expectations of earnings per share at $4.15, up from $4.1 the previous year, and revenue projected at $41.96 billion, up from $39.34 billion. Chris Meredith has joined as CIO - Tax-Smart Strategies. Shares fell 0.7% to $197.15 recently. Analysts have updated their ratings and price targets, with varying degrees of optimism reflected in their assessments.
April 10, 2024 | 4:16 pm
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JPMorgan Chase & Co. is anticipated to report increased earnings and revenue for Q1 2024. The company also announced a new CIO for Tax-Smart Strategies. Analysts have mixed views, with price targets ranging from $185 to $219.
The expected increase in earnings and revenue indicates a positive outlook for JPMorgan, potentially leading to a short-term positive impact on its stock price. The appointment of a new CIO could be seen as a strategic move to strengthen the company's position. However, the mixed analyst ratings and slight share price drop suggest a cautious optimism among investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100