Over 40 years’ heritage
185,800 clients worldwide
Over 15,000 markets

JPMorgan results consensus adjusted

One could say that JPMorgan Chase has suffered reputational damage over the past few years and the fall-out from the London whale trade is still quite fresh in the memory of the investor.

We may have reached the point where the bank can put these difficult times behind it, not least owing to the fact that it has paid its dues for its many indiscretions. In the January quarter, legal expenses and settlement bills came to $21 billion.

Due the decline in capital markets the New York-based bank has seen, and is likely to still encounter, barriers to increasing its earnings. The company is currently trading at $59.23, 2.6% higher since the bank reported fourth-quarter results for 2013 in January, when it announced $1.30 earnings per share, missing the Thomson Reuters consensus estimate of $1.33 by $0.03, and revenue of $23.20 billion, compared to the consensus estimate of $23.81 billion.

JPMorgan will release first-quarter results for 2014 on Friday at midday and hopes to build on that January performance. The intention to pay off dividends of $1.60 per share, providing a yield to 2.7% and a premium over and above that of the broader market, should sit well with investors.

Earnings per share of $1.37 are now expected, with revenue of $24.48 billion and adjusted net income of $5.44 billion. Any beating of the expectations could put see the stock in demand and see the price head northwards through the $61.80 mark.
 

JPMorgan is available for extended hours trading. Here is a list of US stocks that can also be traded outside New York Stock Exchange trading hours of 2.30pm to 9pm (London time).

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.