Upcoming Earnings Report From JP Morgan – What To Expect?

JP Morgan Chase & Company (JPM) is currently trading at $58.04 per share, up 1.26%, for the week ending Friday, 8 April 2016. At current prices, the stock is approximately midway between its 52-week low of $50.07 per share and its 52-week high of $70.61 per share. The company’s market capitalization is $212.84 billion, with a price/earnings ratio of 9.68 and an earnings-per-share of 6.00. According to consensus forecasts, the 1-year target estimate price for the stock is $69.29.

When it comes to price targets and analysts’ recommendations, JP Morgan Chase and Company has a mean target price of $69.29 per share, with a high of $79 per share and a low of $50 per share. On a rating scale of 1.0 (strong buy) – 5.0 (strong sell), JP Morgan Chase and Company currently ranks at 1.9. This is the clearest such indicator that the stock is a strong buy according to analysts. However, various research firms in 2015 have largely been bearish in their forecasts for JP Morgan Chase & Company. Consider the following 4 upgrades/downgrades for 2016:

Several interesting developments have also been taking place in the recommendation trends of the stock where a shift has taken place in the number of traders recommending the stock as a hold over the past 3 months. There has been a shift away from a hold recommendation to an underperform recommendation in the present month. This indicates in no uncertain terms that the sentiment is slightly more bearish for JP Morgan Chase & Company. Given all of the volatility in global equities markets in 2016, this comes as no surprise, especially with the pressures that have been placed on financial stocks.