JPMorgan is trading at 6050, up 4.8% since fourth-quarter results were announced mid-January when it revealed net income of $5.28 billion or $1.30 per share. This is down compared with Q4 2012 net income of $5.69 billion or $1.39 per share; however, excluding one-off items such as the Madoff settlement, net income per share came in at $1.40 when analysts were expecting $1.37. This shows the performance of the bank is actually strong, and will be even stronger once it has put its fines behind it. The bank also employed more staff in its investment banking division last year; another positive sign.
The consensus is for a first-quarter net income of $5.57 billion and earnings per share of $1.40. If the results are better than expected and the bank's fines begin to decline, we could see the share price head towards the recent high of 6212. The 5600 region has provided support for the stock.
JPMorgan is available for trading from 9am to 1am, which allows you to trade stocks outside of the New York Stock Exchange trading hours of 2.30pm to 9pm (London time).