JPMorgan Sees Q2 EPS of $5.52, Warns Bitcoin Risk Lies in Volatility
JPM•JPMorgan forecasts second-quarter EPS of $5.52 (up 11.3%) and revenue of $51.06 billion (up 8.4%), with options pricing in a 4.7% post-earnings move. The bank also warned that bitcoin’s main risk lies in its price volatility and liquidity under stress, not corporate strategy.
1. Q2 Earnings Outlook
JPMorgan is set to report Q2 earnings before markets open on July 14, with consensus estimates calling for EPS of $5.52, an 11.3% rise year-over-year, and revenue of $51.06 billion, up 8.4% from the prior year.
2. Analyst Revisions and Options Pricing
Analyst EPS estimates have been revised up 1.3% over the past month, while UBS and Bank of America recently raised their price targets to $384 and $408, respectively. The options market is pricing in a potential 4.7% stock move post-earnings, nearly double the historical average of 2.4%.
3. Bitcoin Risk Assessment
JPMorgan’s digital assets team cautioned that bitcoin’s principal vulnerability is its susceptibility to sharp price swings and liquidity shortages during market stress, rather than flaws in corporate strategy or adoption trends.
