BUZZ-PREVIEW: JPMorgan seen reporting y/y jump in Q2 EPS, rev
JPM•JPMorgan expected to post higher second-quarter earnings and revenue
Shares in JPMorgan JPM.N were down about 0.6% in the last session ahead of its second-quarter financial report due out before the 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 see another earnings beat as shares trade below median target
Analysts on average expect JPM, the biggest U.S. bank, to report adjusted EPS of $5.78 versus $4.96 a year ago on revenue of $50.19 billion, which would be almost 10% higher than its Q2 2025 revenue of $45.68 billion, which was more than 10% below Q2 2024 levels, according to data gathered by LSEG.
In the last eight quarters, JPM's EPS and revenue beat the Street every time.
JPM shares last traded at $334.63 versus a median price target 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 average move of 2.4% on the day of results over the last eight quarters.
YTD shares in JPM are up about 4% versus a gain of about 9% for the Dow industrials .DJI and a nearly 7% gain for the S&P 500 bank index .SPXBK.
