JPMorgan seen reporting y/y jump in Q2 EPS, rev
JPM•Stock performance and expectations
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.
Year to date, 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.
Analysts expect higher second-quarter profit and revenue
Shares in JPMorgan JPM.N fell 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.
